JmfromTx
Recycles dryer sheets
I've been reading a lot of stuff about retirement portfolio allocation. I had no idea it could be so much more complicated than the saving years. When I got the serious urge to retire my thoughts were to keep one year of income in a money market fund, four years income in a short term bond fund and the balance in something like Vanguard Wellsesly. I would use the first two funds to supplement my pension at below a 4% withdrawal rate. My idea is to take money from the Wellesly fund in good years to replenish the first two funds and let it ride in bad years. Now I'm thinking I might be better off to replace Wellesly with a few index funds that give me more diversity. I would appreciate your thoughts on the whole concept.
Jim
Jim