While my primary goal is avoiding failure, a close second is having some upside potential (during the plan) to help out some family members or go on a exotic vacation or two. The link you provided is very helpful in this regard and suggests that I can achieve enough safety with some upside...
Good advice. I can live through another crash without selling low by spending from my bonds. So you've all convinced me to stay with 55/45. In spite of the post heading, staying a bit heavier on stocks is what I wanted you to all say ;).
I've played with Firecalc and get 100% success with 55/45. :) Just tried 30/70 and you are right in that it drops to 96%.
I estimate my spending at 120K/yr (after tax) which translates to 160K before tax. Most of the portfolio is tax deferred savings. I would adjust spending downward for a...
I am 56 with a comfortable portfolio of 4.5M and will be retiring soon. I've always been very risk tolerant, with 100% equity early in my saving career, shifting to 70/30 when I was in my mid-40's. I was at 70/30 when the 2008 crisis hit (ouch) but I kept investing and rode that out. Lately...
Thanks for all the great advice. I have to admit that I had been leaning to lump sum, but the $3380/month that Megacorp offers for a joint annuity compares pretty favorably to Berkshire at $2538. I also checked immediateannuity.com and they would offer $2974.
I also didn't realize that there...
I am new to this forum, been reading a lot and still have questions about whether take a lump sum or annuity from my company.
The numbers. I am 56, wife 56 and I am about to retire. The company I work for (Megacorp) offers a “cash balance pension plan”. The cash balance is $676,111 which I...