Bengineer wrote: What I haven't seen before, but makes perfect sense, is that one might invert the glide slope in later years to increase the allocation in equities and the (expected) amount to leave to one's spouse, heirs, or causes.
Have any of you that are approaching or past retirement come to think this way?
I tend to think along the same lines as livesoft. James Otar (Unveiling the Retirement Myth
) articulates the idea that portfolio performance (Chapter 9 The Luck Factor, Chapter 10 Sequence of Returns) just prior to and in the first four years of retirement are milestones. Actually to this second point, it's the portfolio size on the 4th anniversary of your retirement compared to the start of retirement.
Here's what he writes in Chapter 22 Other Signs of Diminishing Luck
Here is how this warning signal works: On the fourth anniversary of the start of withdrawals, ask this: “Do I have more money or less money compared to four years ago?” If you have more money, don’t worry; be happy. This is an indication that the sequence of returns is going your way. The chances of having a lifelong income are high.
My retirement is 4 to 9 years away, but our portfolio is currently 40/60. I suspect within the first few years of retirement we'll decide if we want to kick it up to 50/50...for the charities we value.