Despite the uncertainty, I think this is the way, and I like how you put it. In my early 20s I started a spreadsheet with a row for each year going into my 80s with conservative projections for income (e.g. with plan A, B, and C career paths and reduced SS), spending, savings, and a 3% real return on my balanced portfolio. With that, the portfolio in most scenarios just keeps growing in retirement to a level (in today's dollars) that ultimately seems absurd. It makes the percentages a lot less abstract. I can see that going from a balanced portfolio to 100% stocks would be inviting potentially worse outcomes in hopes of better outcomes that I don't need.I find people with this problem often haven't mapped out their lifetime spending, so they have some nebulous need for as much money as possible. I know I have enough to fund the rest of my life, so have no need for extreme risk.
Statistics: Posted by warner25 — Sat Dec 14, 2024 11:35 am — Replies 83 — Views 4417