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Old 07-13-2013, 11:16 AM   #21
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Join Date: Jun 2005
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Originally Posted by Spanky View Post
There are two schools of thought/thinking:
1. Since I do not need the money to live on, I can take on more risks, e.g., 100% equity.
2. Since I do not need to grow our portfolio, I should invest conservatively.
3. Since I do not need the money to live on, I can spend more, take more vacations, have nicer meals & wheels, hire maids and cooks, better physicians, etc.
4. Since I do not need to grow our portfolio, I should give more away to charity.
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Old 07-13-2013, 12:19 PM   #22
gone traveling
Join Date: Jul 2007
Posts: 333
In my case, when I retired, I figured out how much we would need annually to live in the lifestyle we wanted (low 6 figures in today's $$) for at least the next 30 years (inflation adjusted). (That is bucket #1) I then sat aside enough money to invest in fixed income instruments to generate that amount along with SS. The rest (bucket #2) is used for investments in stocks, collectables, and just extra fun money. Works for me.
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