I found your forum and was surprised by the depth of knowledge and interest of people here.
Let me introdiced myself: 57 years old and plan to retire in three to four years. I need to plan, and I think this forum can help me. I have $700K in my IRA and $500K in taxable and may get some inheretance in two years. I'm maried and the children are on they own. Live in California and thinking to move to Washington State. My asset allocation is 20% US Large Cap, 10% US Small Cap, 3% International, 3% High Yield CEF, 5% Bonds and 25% cash. I know it's not the optimal AA, and I'm reading books by Rick Ferry and Larry Swedrow and will develope an AA to match my goals for ER, if it's possible.
I would like to ask two questions:
1. what AA are most ER are using? 60% stocks and 40% bonds and what % in International?
2. How best explain to my wife why 4% withdrawal rate is the most optimal solution?
Thank you very much.
Let me introdiced myself: 57 years old and plan to retire in three to four years. I need to plan, and I think this forum can help me. I have $700K in my IRA and $500K in taxable and may get some inheretance in two years. I'm maried and the children are on they own. Live in California and thinking to move to Washington State. My asset allocation is 20% US Large Cap, 10% US Small Cap, 3% International, 3% High Yield CEF, 5% Bonds and 25% cash. I know it's not the optimal AA, and I'm reading books by Rick Ferry and Larry Swedrow and will develope an AA to match my goals for ER, if it's possible.
I would like to ask two questions:
1. what AA are most ER are using? 60% stocks and 40% bonds and what % in International?
2. How best explain to my wife why 4% withdrawal rate is the most optimal solution?
Thank you very much.