Every year, about this time, I ask myself if I want to change things up. Without giving too much. We retired 2 years ago when I was 52 and my wife 55. Thanks to heavy savings and long term discipline, we are now taking home almost 3 times our annual gross (last working year) income taking from our investments every year.
We have no SS or pension so our investments and cash is our only source of income.
Both of us are in good health and have longevity in our families.
My original tried and true mix that I’m happy with is 50% VWIAX & 50% VWENX with 3 years cash.
Now i’m more comfortable with what I’m doing and confident thanks to these forums, I’m thinking about getting a bit more aggressive.
I like Vanguard, I prefer low cost managed funds over index and I’m thinking about lowering my cash to 1 year reserve splitting the investments 60% stock VPMAX & 40% bonds VFICX.
I feel this portfolio has a slightly higher chance of survival withdrawing off the bond fund during down years and withdrawing mostly from the stock fund on up years using the withdraws to balance everything out.
I know in retirement usually you spend less but we bought a new home (15 year mortgage), have a newborn that we are planning to send to private school (frozen embryos, not what you are thinking!) with our largest expense outside of the mortgage being health insurance, 30k a year (not eligible for subsidies because of income).
Thoughts?
John
We have no SS or pension so our investments and cash is our only source of income.
Both of us are in good health and have longevity in our families.
My original tried and true mix that I’m happy with is 50% VWIAX & 50% VWENX with 3 years cash.
Now i’m more comfortable with what I’m doing and confident thanks to these forums, I’m thinking about getting a bit more aggressive.
I like Vanguard, I prefer low cost managed funds over index and I’m thinking about lowering my cash to 1 year reserve splitting the investments 60% stock VPMAX & 40% bonds VFICX.
I feel this portfolio has a slightly higher chance of survival withdrawing off the bond fund during down years and withdrawing mostly from the stock fund on up years using the withdraws to balance everything out.
I know in retirement usually you spend less but we bought a new home (15 year mortgage), have a newborn that we are planning to send to private school (frozen embryos, not what you are thinking!) with our largest expense outside of the mortgage being health insurance, 30k a year (not eligible for subsidies because of income).
Thoughts?
John
Statistics: Posted by itnetpro — Sat Dec 21, 2024 1:15 pm — Replies 0 — Views 36