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Investing - Theory, News & General • Does PE ratio matter (in a Boglehead portfolio)

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New retiree here and I’m still working through my decumulation strategy.

I haven’t nor plan to use PE for asset allocation purposes but will likely use to guide my withdrawal approach.

I have a 20 year TIPS ladder in my tIRA to cover a portion of my expense needs. Each year as the TIPS mature (and shed interest), I need to decide if I take a the tIRA distribution vs taking same amount from taxable.

If PE is still high, I may take from taxable and only incur LTCG for stock portion vs Income Tax for a tIRA distribution (I’d plan to reinvest the TIPS principal/interest to match AA of what I took from taxable). This will also help to reduce taxable income and let me increase Roth conversions.

If PE took a nose dive (e.g., >20% decline from highs), I may take tIRA distributions for some time to weather the market downturn and minimize my stock sales.

Anyone see issues with this?

Statistics: Posted by TryingMyBest1963 — Mon Aug 25, 2025 8:59 am — Replies 18 — Views 1517



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