I am literally retiring from the federal govt within a few weeks. 60 years of age, single, moving from HCOL area to a Medium HCOL area - renter for now.
Looking over my portfolio, I have drifted from an AA of 50/50 in the past couple of years to a 30/70 split - conservative out of concerns for a sequence of returns risk and similar economic issues. As the pandemic hit, I was more concerned about the impact of losses than missing out on future gains....fortunately that worked out ok and I am somewhat dealing ok with the issue of fear of missing out lol.
My ratio of tax deferred/ nontaxable assets is about the opposite: 70/30.
With potentially 30 years of retirement ahead, does 30/70 seem overly conservative? I do not plan to leave any type of legacy beyond whatever property I own.
Thanks
Looking over my portfolio, I have drifted from an AA of 50/50 in the past couple of years to a 30/70 split - conservative out of concerns for a sequence of returns risk and similar economic issues. As the pandemic hit, I was more concerned about the impact of losses than missing out on future gains....fortunately that worked out ok and I am somewhat dealing ok with the issue of fear of missing out lol.
My ratio of tax deferred/ nontaxable assets is about the opposite: 70/30.
With potentially 30 years of retirement ahead, does 30/70 seem overly conservative? I do not plan to leave any type of legacy beyond whatever property I own.
Thanks