How to Invest 401k Fund When Guaranteed Income Sources Takes Care of Most of your Expenses in Retirement?
I have been struggling with a decision on how to invest our 401(k) funds when my wife and I guaranteed income sources takes care of most of our expenses in retirement. Do I invest in all stocks knowing that I don't need these funds for the foreseeable future? If not, how would you invest the funds? The goal for us to spend all of our hard-earned money during retirement.
The below video resonates with our situation. We have strong pensions, strong Social Security Benefits, reasonable taxable account (checking/saving), and equity in our home. We don’t need to rely heavily on our retirement portfolio assets, so the severity of failure is less because of our guaranteed income sources.
Starting at the 14:29 minute mark in the video below sums up the essence of our situation.
Would love to hear from others in this similar situation.
I have been struggling with a decision on how to invest our 401(k) funds when my wife and I guaranteed income sources takes care of most of our expenses in retirement. Do I invest in all stocks knowing that I don't need these funds for the foreseeable future? If not, how would you invest the funds? The goal for us to spend all of our hard-earned money during retirement.
The below video resonates with our situation. We have strong pensions, strong Social Security Benefits, reasonable taxable account (checking/saving), and equity in our home. We don’t need to rely heavily on our retirement portfolio assets, so the severity of failure is less because of our guaranteed income sources.
Starting at the 14:29 minute mark in the video below sums up the essence of our situation.
Would love to hear from others in this similar situation.
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