RetirementColdHardTruth
Recycles dryer sheets
Hi guys I am brand new to this site. I am currrently 38 years old. I have just over 1 million in various accounts. Emergency fund, 401k, IRA, SEP, standalone accounts
I am at a point where 30 year treasuries at 5% would cover my current living expenses. I still plan on working at least another 5 years socking in at least 30k a year into various accounts. I can see the treasuries hitting 5-6% in the next few years. If I simply laddered myself into these as the rates rise I am guarenteed my expenses are covered.
I see myself having to work after 2015 due to the nature of needing health insurance. In the open market these rates have gone above 22k a year in premiums and the first 5k per person being out of pocket. It's like the insurance companies don't want the open market risks. So I am guessing if I stay in the UsA I will have to work somewhere to get affordable coverage.
Anyway, just wondering if I should continue taking market risk or move to fixed income treasuries.
Currently I am indexing my way with a 80/20 split. Couch potato portfolio in line with coffee house. Except a little heavier on stocks as I moved to these when the market crashed to pick up bargain stock prices.
So should I continue with market risk if my goals are already met?
I am at a point where 30 year treasuries at 5% would cover my current living expenses. I still plan on working at least another 5 years socking in at least 30k a year into various accounts. I can see the treasuries hitting 5-6% in the next few years. If I simply laddered myself into these as the rates rise I am guarenteed my expenses are covered.
I see myself having to work after 2015 due to the nature of needing health insurance. In the open market these rates have gone above 22k a year in premiums and the first 5k per person being out of pocket. It's like the insurance companies don't want the open market risks. So I am guessing if I stay in the UsA I will have to work somewhere to get affordable coverage.
Anyway, just wondering if I should continue taking market risk or move to fixed income treasuries.
Currently I am indexing my way with a 80/20 split. Couch potato portfolio in line with coffee house. Except a little heavier on stocks as I moved to these when the market crashed to pick up bargain stock prices.
So should I continue with market risk if my goals are already met?