audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I've been dealing with some longevity issues with my retirement portfolio recently, and it's really got me thinking about what kind of portfolio I'm going to be willing to deal with when (if) I reach my 80s.
Am I going to be willing to rebalance every year? Probably not. At some point I'll just want to let it ride figuring with a shorter time horizon it doesn't matter that allocations get out of whack.
Best case scenario is just have distributions sent to some account where I draw my living expenses and be able to leave everything on autopilot. Wouldn't really worry about funds building up in the account.
It's still 24 years away for me, but I've already maintained this retirement portfolio for >16 years and I can guess that simplicity will become increasingly important.
So I'm just thinking about what kinds of eventual transitions I might like to make and how to go about them. And when (at what age) to start the transition.
I figure people here will have lots of thoughts on this topic.
Am I going to be willing to rebalance every year? Probably not. At some point I'll just want to let it ride figuring with a shorter time horizon it doesn't matter that allocations get out of whack.
Best case scenario is just have distributions sent to some account where I draw my living expenses and be able to leave everything on autopilot. Wouldn't really worry about funds building up in the account.
It's still 24 years away for me, but I've already maintained this retirement portfolio for >16 years and I can guess that simplicity will become increasingly important.
So I'm just thinking about what kinds of eventual transitions I might like to make and how to go about them. And when (at what age) to start the transition.
I figure people here will have lots of thoughts on this topic.