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Lucky Guy in Vegas
Old 03-07-2012, 10:40 AM   #1
Confused about dryer sheets
Join Date: Feb 2012
Location: Henderson
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Lucky Guy in Vegas

Hello all, healthy 56 year old single male in Las Vegas, able to push my retirement up significantly due to an inheritance. Own three homes here--only two under water!-but the positive cash flow from the two rentals pays my primary mortgage. Being very financially conservative I have no debt other than the mortgages.

Sold my business a month ago and have been focusing on the brokerage account. Total about 1.9M, 35% munis yieding 27K a year, 55% equities, mostly blue chips, yielding about 10K/yr in dividends, balance cash. Most of my research is being done on fixed income investments--would like to get out of equities completely and live off interest generated, preserving capital. Of course rates on "safe" investments not what they used to be.

Looking forward to learning through this site and through interacting with all of you.

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Old 03-07-2012, 11:39 AM   #2
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Join Date: Jan 2008
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Hi poolster, welcome to the forum. Congratulations on your good luck so far.
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Old 03-07-2012, 05:31 PM   #3
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Welcome to the forum poolster. Las Vegas and Reno/Tahoe are my favorite places to go visit. In fact Im up for another visit next month to LV!
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Old 03-07-2012, 09:48 PM   #4
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Location: Sarasota, FL & Vermont
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The problem with getting out of equities completely at our age (I'm 56 too) is that your investments may not be able to provide cash flows that keeps up with inflation depending on what your initial withdrawal rate is.

Have you run your numbers through Firecalc assuming no equity investments?
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Old 03-08-2012, 02:32 AM   #5
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Location: midwestern city
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Welcome to the forum, Bob.
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 03-08-2012, 10:15 AM   #6
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Location: NC
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Welcome to the forum Bob. Congrats on your progress and established income streams. Getting entirely out of equities is something we'd probably all like to do, but inflation makes that riskier unless your assets are far more than ordinarily needed.
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 30% bond funds / 20% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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