Debt: Mortgage 2.89% 15years remaining
Tax Filing Status: Married Filing Jointly,
Tax Rate: 28% Federal, 6% State
State of Residence: New York
Desired Asset allocation: 40% stocks / 60% bonds
Desired International allocation: 0% of stocks
Current total portfolio: Low 6 figures
Current portfolio consists of:
DSW has small amounts in IRA & 401=<10,000
I plan to retire at 66y/o in 3 years and may continue to work part time. We will meet approximately 85% of our living expenses from SS and pensions; we need approximately an additional $5-8000 per year from this fund.
I have been reading about the 3 or 4 fund portfolio and have several questions regarding the appropriateness of these for my situation.
1. Which is a better choice for my situation?
I am looking at moving 100% to Life Strategy Conservative Growth or 50/50 Wellesley and Strategy Conservative Growth.
2. The 3 or 4 fund portfolio is great for 30-50 year olds still accumulating but does it work for a retiree who must draw down some portion?
3. Will a 3 or 4 portfolio pay dividends that a retiree can use for living?