photoguy
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How do you manage withdrawals for living expenses?
If You Were in Your mid-40s
- Thread starter nico08
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How do you manage withdrawals for living expenses?
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Seems easy to me. Stocks up 30%, sell a couple % and collect dividends = done.
photoguy
Thinks s/he gets paid by the post
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I was more wondering if Turboslacker had any special rules for the timing of stock sales or determining which stocks to sell, if he has a temporary bucket that gets refilled, etc.
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I'm mid-40s, planning on retiring in the next 1-3 years. I'm currently at an 80/20 (stocks/bonds) asset allocation and have no plans to adjust that significantly before retirement - maybe drop down to 75/25 or even 70/30, but still pretty heavy in equities.
The biggest risk to a long retirement seems to be taking a big hit to your portfolio in the first few years. If that happens to me I can easily pick up some part time work to tide me over, so it's not a great concern to me, hence the relatively high equities exposure.
The biggest risk to a long retirement seems to be taking a big hit to your portfolio in the first few years. If that happens to me I can easily pick up some part time work to tide me over, so it's not a great concern to me, hence the relatively high equities exposure.
We are going to keep 3+ years of living expenses in cash (or cash equivalents) to avoid selling equities at a loss in the first 5-10 years of retirement.
If things really go south and we have an extended bear market, going back to work is plan B.
