supernova72
Recycles dryer sheets
Hello,
I'm feeling a bit exposed with my 401K asset allocation as of late. My employer ER'd me in July (was 55 then) and I'm six months into this new space of *retirement*. My theory is to be heavier in equities in my 401K since my pension is a fixed stable income stream and covers 80% of my expenses (so far---Ha Ha).
I recently decided to payoff my home (I realize some think this is not a good idea but peace of mind right?). My asset allocation is now 88% equities (reduced bond and stable value holdings).
My situation
56 yrs old
Single
715K in 401K
pension (non cola) at $43,000 a year
SS will be $20K annual at 62 when I plan to draw it
Other savings is pretty small at $20K
Home value is %560K no mortgage (Seattle WA prices have gone nuts)
Expenses are 52K a year (included fed tax and prop tax)
I've set aside enough cash to fill gaps I might have in 2017 for taxes
Health is good (I'm a fitness nut)
I am fortunate enough to have retiree medical ($20 a month)
I'm debt free for the first time in 25+ years
I would probably sleep a bit better at 70% equities but another part of says that nut needs to last me for 30 yrs ish. I'm guessing most on this forum are more like 60/40 AA. Thoughts on asset allocation of 88%??
Thanks in advance!
I'm feeling a bit exposed with my 401K asset allocation as of late. My employer ER'd me in July (was 55 then) and I'm six months into this new space of *retirement*. My theory is to be heavier in equities in my 401K since my pension is a fixed stable income stream and covers 80% of my expenses (so far---Ha Ha).
I recently decided to payoff my home (I realize some think this is not a good idea but peace of mind right?). My asset allocation is now 88% equities (reduced bond and stable value holdings).
My situation
56 yrs old
Single
715K in 401K
pension (non cola) at $43,000 a year
SS will be $20K annual at 62 when I plan to draw it
Other savings is pretty small at $20K
Home value is %560K no mortgage (Seattle WA prices have gone nuts)
Expenses are 52K a year (included fed tax and prop tax)
I've set aside enough cash to fill gaps I might have in 2017 for taxes
Health is good (I'm a fitness nut)
I am fortunate enough to have retiree medical ($20 a month)
I'm debt free for the first time in 25+ years
I would probably sleep a bit better at 70% equities but another part of says that nut needs to last me for 30 yrs ish. I'm guessing most on this forum are more like 60/40 AA. Thoughts on asset allocation of 88%??
Thanks in advance!
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