Some positive words...

[mickeyd]

Most financial or retirement articles these days are negative. I found this peace to have some positive aspects to it.

Quote:

There is an even larger group for whom the prospects are even brighter: young retirees, or near-retirees, people in their 50s and 60s. By this age, most people have at least some of their savings in relatively safe, lower-yielding assets, but may still have a large amount in stocks and riskier assets. The old rule of thumb has been that your age should equal the percentage of your assets in safe, fixed-income assets. Like all rules of thumb, I find it a crude measure, but the point is a good one: As you age, you need to move more of your savings into lower-risk, less-volatile assets.

http://finance.yahoo.com/focus-retir...-post-spending

[Gumby]

Thanks for posting that. Unrelenting doom and gloom is profoundly boring.

[ziggy29]

Quote:

Originally Posted by Gumby Unrelenting doom and gloom is profoundly boring.

Not to mention a great way to create a self-fulfilling prophecy.

[bbbamI]

Thanks so much...what a great article.

[ohfrugalone]

Too bad I didn't follow the old rule of thumb. I said go for it - 100% equities.

[kumquat]

I knew I was gambling with my kids' inheritance. And my results were worse. 80% mega-corp options that dropped 60%. Got lucky however:

• sold 15% at June high
• while down 65% (from max to min) up 25% lately (from min today)
• my kid's inheritance will be down, not my lifestyle

Check the 'who has lost a million' thread. Got 30% back since due to an unconventional asset allocation.