Quick & dirty background first...
- 52... today actually!
- Think I can hit my targeted FI at 55, which has always been this arbitrary goal of mine, but anticipate working in some capacity until maybe 60 (max).
- IF I choose to work after 55 for another 5 yrs, I feel pretty confident I can produce my targeted RE income for those years or at least come close without having to dip into my stash. Only thing is, in my business, I really can't quit for 1 or 2 years and then jump back in and reproduce my income. I would pretty much have to choose to stay plugged in, but could perhaps downshift and start delegating more. Before you say it, I know, its a good problem to have which I can decide on at 55.
- Historically I have been an aggressive investor with a portfolio around 75% - 80% stocks and also own some real estate (about 50% getting sold now)... its all on me!
- Without making it complicated, I had to rollover a defined benefit plan into 2 401Ks that required me to liquidate a significant part of my portfolio into cash. As I sit now, I am sitting on 60% cash/40% stocks in my retirement accounts and 32% cash/10% bonds/58% stocks in my taxable accounts. Overall, between the 2 accounts (which are both markets for RE savings) sitting on 52% cash/3% bonds/45% stocks.
- Self-employed, no pensions, wife at home so no additional income, 4 kids (2 out of college/employed of which one married last yr, 2 others in college)
- Remaining college costs covered with 529 plan and I have banked some cash for 2 more of my daughter's weddings... youch!
- No debt other than current home which debt is less than 50% of its value at around 3%... I would pay it off, but I think I can do better in the market. House is too big now, and I would like to sell it by 55 and down size paying cash for next house, but wife is a little reluctant... we will see.
- I have run the FIRE-calc and am tracking based on some of my more lofty RE income goals.
Soooo, with that in mind, I am trying to take a fresh look at 1) best asset allocation moving forward, & 2) number of assets per class (i.e. 1 fund/etf per asset class such as large CAP or 3?). I have experimented thru the years with mutual funds, individual stocks and have come to the conclusion I am a KISS subscriber. I am always interested in finding the best "mouse trap", but over the last 8 yrs have tried to stay with an set asset allocation rebalancing once a yr. I am still leaning towards a 75/10/5 (stocks/bonds/cash) reallocation, but figured now is the time to ask.
Ok, that's my plight, whacha got?
- 52... today actually!
- Think I can hit my targeted FI at 55, which has always been this arbitrary goal of mine, but anticipate working in some capacity until maybe 60 (max).
- IF I choose to work after 55 for another 5 yrs, I feel pretty confident I can produce my targeted RE income for those years or at least come close without having to dip into my stash. Only thing is, in my business, I really can't quit for 1 or 2 years and then jump back in and reproduce my income. I would pretty much have to choose to stay plugged in, but could perhaps downshift and start delegating more. Before you say it, I know, its a good problem to have which I can decide on at 55.
- Historically I have been an aggressive investor with a portfolio around 75% - 80% stocks and also own some real estate (about 50% getting sold now)... its all on me!
- Without making it complicated, I had to rollover a defined benefit plan into 2 401Ks that required me to liquidate a significant part of my portfolio into cash. As I sit now, I am sitting on 60% cash/40% stocks in my retirement accounts and 32% cash/10% bonds/58% stocks in my taxable accounts. Overall, between the 2 accounts (which are both markets for RE savings) sitting on 52% cash/3% bonds/45% stocks.
- Self-employed, no pensions, wife at home so no additional income, 4 kids (2 out of college/employed of which one married last yr, 2 others in college)
- Remaining college costs covered with 529 plan and I have banked some cash for 2 more of my daughter's weddings... youch!
- No debt other than current home which debt is less than 50% of its value at around 3%... I would pay it off, but I think I can do better in the market. House is too big now, and I would like to sell it by 55 and down size paying cash for next house, but wife is a little reluctant... we will see.
- I have run the FIRE-calc and am tracking based on some of my more lofty RE income goals.
Soooo, with that in mind, I am trying to take a fresh look at 1) best asset allocation moving forward, & 2) number of assets per class (i.e. 1 fund/etf per asset class such as large CAP or 3?). I have experimented thru the years with mutual funds, individual stocks and have come to the conclusion I am a KISS subscriber. I am always interested in finding the best "mouse trap", but over the last 8 yrs have tried to stay with an set asset allocation rebalancing once a yr. I am still leaning towards a 75/10/5 (stocks/bonds/cash) reallocation, but figured now is the time to ask.
Ok, that's my plight, whacha got?
