Asset allocation is a very personal decision which must be based on each investors,on individual ability, willingness and need to take risk. It depends on more than just age.Obviously these are just personal opinions, but my opinion differs here. The person could be alive for 20-30 more years. I feel like 50/50 is reasonable, but depends on how big the portfolio is.50/50 portfolio seems too aggressive for a 73-year-old. Maybe adjust the asset allocation to one you can feel comfortable with, probably a lot more cash, and lot less bonds and equities.
If I were 73 and had like 20-25x expenses, I would have a TIPS ladder for all my basic needs (housing, food, taxes), especially at todays high real rates.
I am age 78, retired, no pension or annuity, my asset allocation is 60/40. Social Security benefits and Required Minimum Distributions (RMDs) are more than enough to cover my spending needs/wants.
Statistics: Posted by ruralavalon — Fri May 10, 2024 8:55 am — Replies 104 — Views 8765