SecondCor521
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Now I'm curious what the rest of you do--something fairly static, like retire2020? It'd also be helpful to me if you say whether or not you're retired.
I'm not arguing for or against any system. This is a case where I'm not fully sold on doing this or what number to use.
I'm 48 and recently retired.
I am currently at 89/8/3 stocks/bonds/cash. I'm living off the cash so am headed towards 92/8/0. My very simple and very casual IPS is to be approximately at 90/10/x, where x is a few months living expenses. I allow myself to get 2% out of whack before rebalancing. I review my IPS once per year and in theory could make changes based on my goals and circumstances but honestly any IPS changes are pretty unlikely.
I intend to keep to this allocation until sometime after I've survived my first stock market downturn. At that point my current intention will be to go to 100/0/x, which will simplify things further as I won't have to do rebalancing.
I am on the younger side, have very low expenses, and a very low WR (currently 1.88%). I also have a high risk tolerance - remained 100% invested through 87, tech bubble, and great recession. So it works for me.