Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Good article when transitioning from accumulation to consumption in FIRE
Old 05-13-2007, 08:38 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
Good article when transitioning from accumulation to consumption in FIRE

Patricia Barrett, a financial advisor with Lifetime Planning LLC in Houston, recently illuminated one of the mistakes that people can make when planning for their retirement—a case of water, water everywhere, and nothing to drink.

DW and I are 4.x years out (@ 55). We are building 3 years of cash for preferred expenses which is about 60% higher than our current expenditures. We could easily make it on the same expenses as today (we have company health benes coming) In a pinch that 3 years of money could last 5 years (cash). That represent about 10-12% of our target portfolio balance (if we get there... we need about 5% gain/yr). Most of our saving over the next 4.5 years will go into cash and/or Short-term bonds. We will have another 30% in intermediate term bonds. This is enough to get us from 55 - 65 easily. The equity portion of the portfolio will be rebalanced to an overall S/B mix of 50/50 by 65. and downward as we age.
chinaco is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Could the FI of FIRE be good enough? azanon Young Dreamers 43 09-07-2007 11:37 PM
Simple Article - Pretty Good Ideas............. FinanceDude FIRE and Money 5 05-06-2007 04:06 PM
An actual GOOD article on retiring early slepyhed FIRE and Money 16 03-14-2007 03:03 PM
Read Any Good Books Lately on FIRE? RatherBeFishn Life after FIRE 17 04-18-2005 10:54 AM
Good Article Sock_It_Away Young Dreamers 4 04-15-2004 09:56 AM

» Quick Links

All times are GMT -6. The time now is 03:18 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.