I have read many sources and used the Vanguard asset allocation tool and understand that AA is a personal matter with many factors to consider, but I nonetheless would appreciate any observations on our current asset allocation.
We are a 53 year old couple. I have recently transitioned from my profession from full time to part time (and my income will vary significantly depending upon how much I choose to work). My spouse does not work outside the home and we have the following assets and no debt.
Equity -- 47%
Fixed -- 38%
Alternative -- 8%
Cash -- 7%
We also own our home outright which is not included in the above (it increases assets by another 15%).
For now we will spend/withdraw about 1% of our assets on annual living expenses because my part time income will cover most items. If I discontinue work completely our withdrawal rate will be around 3.5 %. Eventually we will receive social security (I believe it will exist when we reach eligibility age).