RockyMtn
Thinks s/he gets paid by the post
58, retired at 51. 60% stock, 38% bonds, 2% cash. Have a non cola'd pension now. Another one at 65. SS at 70. Pension, dividends and BOD fees pay the bills.
You have to be careful with those "loss aversion" people... $10 in gains isnt worth the risk in pain of a potential dime loss.
I don't know about Walt34's wife, but for me it is not losing dimes - it is losing multiple years worth of living expenses that I would prefer to avoid.
DH and I are almost in this group that surprises you(55% equities). Two COLA'd pensions and 2 SS's ultimately coming on line that cover all current expenses. Once RMD's kick in next year for DH and two years later for me a small portion of the RMD's will be needed to cover increased taxes, but SWR will still be below 1%. We may begin more aggressive legacy gifting at some point rather than just watch the pile grow. Our AA is 55/35/10. During the 2007-2008 period our risk tolerance led us to decrease that AA from the 60% Equity position we had to our present day 55%. I doubt that we will lower it any for the foreseeable future. Even though we could afford to be a bit more aggressive in our AA I doubt that our heirs (DD and DS) would want us to risk their inheritance. It's the SWAN factor that is important to us.I'm surprised to see people with pensions and SS covering all their expenses with 50% or less in equities. We're 50/40/10 Stocks/Bonds/Cash with no pension and SS in a couple of years. For the OP do you have a pension?
Do any of you really early retirees who can't tap into a pension, SS, or an IRA, have different AAs for currently untouchable (or very nearly so) assets than you do for your current, taxable portions?