I am planning to retire next May. I'll be 61, my wife will work another year, she's 57. We have about $900K, no pension, no paid HI in retirement. Anyway, every firecalc type program says we'll be fine but I do worry about sequence of returns going bad due to the market's high level at this time. Would you consider taking some money off the table for awhile into more cash? I guess this would be market timing and that's not my thing. I've been 95% invested in stocks my entire life and am now about 75% equities. Would it make sense to drop down to 60% equities for a year or so?
I guess then, if the market doesn't correct you're losing possible gains which affect your firecalc numbers, also. Being that my wife will still be working and we can cover all our expenses on her salary, plus I'll have worked 5 months, we'll be fine the first year. She can always continue to work and I can go back if there's a crash.
What would you do?
I guess then, if the market doesn't correct you're losing possible gains which affect your firecalc numbers, also. Being that my wife will still be working and we can cover all our expenses on her salary, plus I'll have worked 5 months, we'll be fine the first year. She can always continue to work and I can go back if there's a crash.
What would you do?