I am new to this Board and am glad for having found it. I am 55, eligible for retirement, and with work no longer being fun, I am exploring the ER option. With a gov pension (small index for inflation) and a decent nest egg, I am looking to go out soon. Due to my analytical side, I am trying to analyze this to death to be sure that we can outlive our money, and have a great retirement. We did not work hard to live so frugal that we can't do what we want to do after work is over.
So far I am reading old posts to catch up on the great knowledge that is here. I am sure that I will have lots of questions, so be gentle.
One starting question is that I have read that a portfolio mix of 60/40 stocks/bonds is a reasonably good balance when entering retirement. With the current yields on Money Markets and CD's, would they be a better substitute for Bonds at this time? Can they be interchangeable? Also, what is the way to characterize an I-Bond?
Thanks for any nuggets you can pass on.
So far I am reading old posts to catch up on the great knowledge that is here. I am sure that I will have lots of questions, so be gentle.
One starting question is that I have read that a portfolio mix of 60/40 stocks/bonds is a reasonably good balance when entering retirement. With the current yields on Money Markets and CD's, would they be a better substitute for Bonds at this time? Can they be interchangeable? Also, what is the way to characterize an I-Bond?
Thanks for any nuggets you can pass on.