I've been kicking around an idea, not committed to it, and thought this is the best place for feedback and opinions.
Roughly 80% of my assets are in a taxable account, 20% tax deferred.
With the goal of simplifying my life, less time on investments (and checking them), I thought about putting all my taxable money (except for a money market account for distributions) into two of the Vanguard managed payout funds, spitting to create a percentage that works for me. I'd put the retirement money (20%) in something else, to access in more than 15 years. (I could leave retirement money in Small Value, REIT and Intl. Value, like it is now.)
I'm 45, I live a low cost lifestyle, I own two homes (no mortgages) and will sell one in the future, probably when I'm 80.
I was thinking there's a risk of losing portfolio value with the managed payout funds, but perhaps I can deal with that by purchasing an annuity when I'm much older since I don't have any heirs.
Any thoughts on this? I'm hoping to drop the idea if it's a bad one, or figure out what else I need to consider.
Thanks!
kate
Roughly 80% of my assets are in a taxable account, 20% tax deferred.
With the goal of simplifying my life, less time on investments (and checking them), I thought about putting all my taxable money (except for a money market account for distributions) into two of the Vanguard managed payout funds, spitting to create a percentage that works for me. I'd put the retirement money (20%) in something else, to access in more than 15 years. (I could leave retirement money in Small Value, REIT and Intl. Value, like it is now.)
I'm 45, I live a low cost lifestyle, I own two homes (no mortgages) and will sell one in the future, probably when I'm 80.
I was thinking there's a risk of losing portfolio value with the managed payout funds, but perhaps I can deal with that by purchasing an annuity when I'm much older since I don't have any heirs.
Any thoughts on this? I'm hoping to drop the idea if it's a bad one, or figure out what else I need to consider.
Thanks!
kate