Retiree Poll:What is your current AA?

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Retiree Poll:What is your AA?

100% equities/0% bonds
6
2%
90/10
8
3%
80/20
14
5%
70/30
23
9%
60/40
51
20%
50/50
70
27%
40/60
45
17%
30/70
24
9%
20/80
12
5%
10/90
5
2%
0% equities/100% bonds
2
1%
 
Total votes: 260

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tennisplyr
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Retiree Poll:What is your current AA?

Post by tennisplyr » Fri Dec 26, 2014 6:01 pm

For those who are retired, what is your approximate asset allocation of equities/bonds?
Those who move forward with a happy spirit will find that things always work out.

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FreeAtLast
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Re: Retiree Poll:What is your current AA?

Post by FreeAtLast » Fri Dec 26, 2014 6:11 pm

Right now it is 65/35 stocks/bonds.....but I am seriously considering a change to 60/40.
Illegitimi non carborundum.

roka
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Re: Retiree Poll:What is your current AA?

Post by roka » Fri Dec 26, 2014 6:22 pm

I'm currently at 30/70 which I think is too conservative. I'm thinking of going 40/60 which is still pretty conservative but it's an AA both myself and my wife can live with. So watch out, the day after I make the shift I'm sure we'll have a big stock market correction :oops:

gkaplan
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Re: Retiree Poll:What is your current AA?

Post by gkaplan » Fri Dec 26, 2014 6:46 pm

60/40
Gordon

chaz
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Re: Retiree Poll:What is your current AA?

Post by chaz » Fri Dec 26, 2014 6:47 pm

60/40
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investor
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Re: Retiree Poll:What is your current AA?

Post by investor » Fri Dec 26, 2014 6:49 pm

65/35 s/b

investor

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cheese_breath
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Re: Retiree Poll:What is your current AA?

Post by cheese_breath » Fri Dec 26, 2014 7:38 pm

Assuming I can count TIAA Traditional and cash as bonds it's about 33/67.
The surest way to know the future is when it becomes the past.

Kaufmanrider
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Re: Retiree Poll:What is your current AA?

Post by Kaufmanrider » Fri Dec 26, 2014 7:39 pm

60/40. Age minus 10 in bonds. 50 years old (retired) with government pension.

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Toons
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Re: Retiree Poll:What is your current AA?

Post by Toons » Fri Dec 26, 2014 7:54 pm

70/30
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gkaplan
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Re: Retiree Poll:What is your current AA?

Post by gkaplan » Fri Dec 26, 2014 7:59 pm

gkaplan wrote:60/40
I should add that I am seventy-one.
Gordon

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jfn111
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Re: Retiree Poll:What is your current AA?

Post by jfn111 » Fri Dec 26, 2014 8:01 pm

close to 50/50 and 58 years old.

cromwell
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Re: Retiree Poll:What is your current AA?

Post by cromwell » Fri Dec 26, 2014 8:02 pm

Question asked is so general as to not reveal much. Would need to know age, health status,Total savings, expenses and desire for legacy. Happy new year

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Re: Retiree Poll:What is your current AA?

Post by kolea » Fri Dec 26, 2014 8:13 pm

67/31/2, stocks/bonds/cash

Age = 65

Target withdrawal rate = 3.5% (fixed percentage) but with a cash floor and ceiling. Actual withdrawal for 2014 = 3.4%.
Kolea (pron. ko-lay-uh). Golden plover.

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nisiprius
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Re: Retiree Poll:What is your current AA?

Post by nisiprius » Fri Dec 26, 2014 9:40 pm

roka wrote:I'm currently at 30/70 which I think is too conservative. I'm thinking of going 40/60 which is still pretty conservative but it's an AA both myself and my wife can live with. So watch out, the day after I make the shift I'm sure we'll have a big stock market correction :oops:
In 2007, I thought we might be too conservative and was thinking of notching up our stock allocation. I'm glad we didn't, because in 2008-2009 we discovered that our risk tolerance was lower than we thought it was, and our asset allocation was as aggressive as we could tolerate. Be alert to the possibility of false confidence engendered by a big run-up.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

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cfs
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Re: Retiree Poll:What is your current AA?

Post by cfs » Fri Dec 26, 2014 9:50 pm

Imperfect SWAN Portfolio.

Our imperfect SWAN or sleep well at night portfolio is below the 50% mark in equities. Our goal is to keep equities at or below the 50% mark during retirement. Target withdrawal rate for 2014 is zero, and actual withdrawal rate as of 12/26/14 is zero. Target withdrawal rate for 2015 is zero. Boring is good.
~ Member of the Active Retired Force since 2014 ~

nodenuff2
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Re: Retiree Poll:What is your current AA?

Post by nodenuff2 » Fri Dec 26, 2014 10:17 pm

42% Stocks 30% Bonds 28 % Cash
2014 No. 42 2015 No.342 2016 No. 6 2017 238 what do I know? "Good bless America land that I love..."

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dumbbunny
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Re: Retiree Poll:What is your current AA?

Post by dumbbunny » Fri Dec 26, 2014 10:33 pm

50/50 (Age - 10 in Bonds)
35% US, 15% Int'l / 40% US, 10% Int'l
“It’s the curse of old men to realize that in the end we control nothing." "Homeland" episode, "Gerontion"

kolea
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Re: Retiree Poll:What is your current AA?

Post by kolea » Fri Dec 26, 2014 11:29 pm

nisiprius wrote:In 2007, I thought we might be too conservative and was thinking of notching up our stock allocation. I'm glad we didn't, because in 2008-2009 we discovered that our risk tolerance was lower than we thought it was, and our asset allocation was as aggressive as we could tolerate. Be alert to the possibility of false confidence engendered by a big run-up.
Good advice.

I also have a limited tolerance for risk. I panicked and sold 50% of our equities in early 2009, right at the bottom of the crash (worst possible time). And we were in at 90% equities so that was a big hit. But we got right back in within a year, back to 90% and of course it has worked out extremely well for us. Anyway, lots of lessons here. Of course this is an anecdote so may not mean anything. We have since become more conservative (67% vs. 90%), but I have no regrets about our choices in the 2000 decade.
Kolea (pron. ko-lay-uh). Golden plover.

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Peter Foley
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Re: Retiree Poll:What is your current AA?

Post by Peter Foley » Fri Dec 26, 2014 11:51 pm

My investment plan is for a 45/55 AA in retirement. (This ignores the 3% I have in rental real estate.) I have done some re-configuring of funds late in 2014 as part of an estate plan and preparation for a 2015 Roth conversion.

In short, at age 64 I'm sitting at about 52/48. We will do a round of gifting in January that will put us a little below 50% equities.

Van
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Re: Retiree Poll:What is your current AA?

Post by Van » Sat Dec 27, 2014 7:05 am

20% stock and 80% bonds.

I'm 73 years of age and do not need to take much risk. Doubling my portfolio would not change my life style, but a 50% decrease would give me pause.

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BigFoot48
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Re: Retiree Poll:What is your current AA?

Post by BigFoot48 » Sat Dec 27, 2014 9:16 am

Mine is such that I'm ready for a 50% stock drop that history tells us will happen again.
Retired | Two-time in top-10 in Bogleheads S&P500 contest; 12-time loser

2b2
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Re: Retiree Poll:What is your current AA?

Post by 2b2 » Sat Dec 27, 2014 9:23 am

Retired 6.5 years ago.
Age 65
IPS says 65stock/35bonds with 5% rebalance bands.
Currently at 60/40.

2b2

bamajames
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Re: Retiree Poll:What is your current AA?

Post by bamajames » Sat Dec 27, 2014 10:11 am

40% equities, 30% bonds,30% cd's age 64 retired 14 years

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Ged
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Re: Retiree Poll:What is your current AA?

Post by Ged » Sat Dec 27, 2014 10:25 am

Age 64.7, retired 1.5 years. 40/60. I am delaying my SS until 70, and living off savings, pension and spouse's SS until then. My target for age 70 is 50/50.

MnD
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Re: Retiree Poll:What is your current AA?

Post by MnD » Sat Dec 27, 2014 10:55 am

64% of respondents so far fall within 50:50 to 100% equity.
Either we have some _very_ young retirees here or age in bonds is kind of out the window.

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Tycoon
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Re: Retiree Poll:What is your current AA?

Post by Tycoon » Sat Dec 27, 2014 10:59 am

MnD wrote:64% of respondents so far fall within 50:50 to 100% equity.
Either we have some _very_ young retirees here or age in bonds is kind of out the window.
Or this self reporting group of people who chose to respond don't accurately represent the population.
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BolderBoy
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Re: Retiree Poll:What is your current AA?

Post by BolderBoy » Sat Dec 27, 2014 11:01 am

What a beautiful bell curve that is emerging...

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BlueEars
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Re: Retiree Poll:What is your current AA?

Post by BlueEars » Sat Dec 27, 2014 11:16 am

Recently I've realized we are quite able to have a nice spending pattern and it was time to reduce stocks somewhat. This Vanguard chart helped out in my decision process. Note the real returns in the center of each bar:

Image

Also the stretch 1968 to 1982 was a particularly tough one for investors -- 3 recessions, Vietnam War, Watergate, Arab Oil embargo. I took this data from the VPW calculator data sheets:

Image

The "cum bonds" column is just the cumulative real return for bonds.

I think the VPW retirement calculator is a great tool to help one with spending plans and AA. Here is the link: viewtopic.php?f=10&t=120430

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Sheepdog
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Re: Retiree Poll:What is your current AA?

Post by Sheepdog » Sat Dec 27, 2014 11:31 am

Age 81, retired 16 years. My current planned allocation is 22% stock, 58% bonds, 20% I Bonds, but is actually 23% stock, 57% bonds and 20% I Bonds. 100 minus my age in stock percentage has served us well by supplying more than enough income to go with our SS. (I didn't lower my stock allocation below 22% after reaching 78. The next "crash" will do that, though.)
People should not say everything they think. They should think about everything they say.

scrabbler1
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Re: Retiree Poll:What is your current AA?

Post by scrabbler1 » Sat Dec 27, 2014 12:08 pm

42/58 s/b overall (taxable and IRA combined) due to the recent run-up in stocks. I was usually around 38/62.

I am 51 and have been retired for 6 years.

I do lean toward "age in bonds" but only in my IRA (which I won't need until at least age 59.5 when I will have unfettered access to it). I had been 55/45 s/b in my IRA for many years until I moved to 50/50 last year when I turned 50.

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tennisplyr
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Re: Retiree Poll:What is your current AA?

Post by tennisplyr » Sat Dec 27, 2014 12:12 pm

cromwell wrote:Question asked is so general as to not reveal much. Would need to know age, health status,Total savings, expenses and desire for legacy. Happy new year

Fair point, poll options are very limited so all you can do is assess is one factor at a time....gave it my best shot.
Those who move forward with a happy spirit will find that things always work out.

heyyou
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Re: Retiree Poll:What is your current AA?

Post by heyyou » Sat Dec 27, 2014 1:13 pm

My S/B portfolio is 60/40 at age 65,

but my no COLA pension plus age 70 SS are worth very, very near the same as my portfolio, using immediateannuities.com rates to value their income.

mindboggling
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Re: Retiree Poll:What is your current AA?

Post by mindboggling » Sat Dec 27, 2014 1:35 pm

I retired at age 60 (61 now), but I still work about 25-hours/week at my old job. I also get a non-COLAed pension. I am at about 40% stock/60% bonds. I may maintain this allocation for a while and not glide more towards bonds.

Steve
In broken mathematics, We estimate our prize, --Emily Dickinson

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AndrewXnn
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Re: Retiree Poll:What is your current AA?

Post by AndrewXnn » Sat Dec 27, 2014 3:01 pm

I voted on behalf of my Dad who at 84 is retired (I am not).

He is 86% equity and 14% bonds.
He is a long term buy and holder with an adequate pension and little need to withdraw funds.
Cost basis for most of the equity is <10% at current valuations, so tax consequences are a consideration.

The Casualty
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Re: Retiree Poll:What is your current AA?

Post by The Casualty » Sat Dec 27, 2014 4:10 pm

59 and semi-retired. I work 24 hours a week by choice and I will fully retire at 60. Wife is 63 and fully retired with a COLA'd pension and she took early SS. Pension & SS cover 100 % of our living expenses including health care. I will take early SS as well. Pension, SS, Divs, and CG's will put us almost where we were working FT.

Our AA:

10 % Stock
45% Equites
35% Bonds
10% Cash/CD's

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tennisplyr
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Re: Retiree Poll:What is your current AA?

Post by tennisplyr » Sat Dec 27, 2014 4:25 pm

Responses follow a normal distribution, interesting. So here's my question, I'm 65 , retired and am at 50/50. Seems like I am well within range of my fellow retirees---hence, no change necessary?
Last edited by tennisplyr on Sat Dec 27, 2014 4:32 pm, edited 1 time in total.
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Re: Retiree Poll:What is your current AA?

Post by grabiner » Sat Dec 27, 2014 4:31 pm

tennisplyr wrote:Responses follow a normal distribution, interesting.
And not what I would expect. I would have expected a bimodal distribution, with most retirees around 30% stock (the allocation of Target Retirement Income), and those retirees who have extra assets and are investing primarily for their heirs at 70% stock or higher.

I didn't answer this poll because I am a long way from retirement and don't even have a planned date yet.
Wiki David Grabiner

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tennisplyr
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Re: Retiree Poll:What is your current AA?

Post by tennisplyr » Sat Dec 27, 2014 4:35 pm

grabiner wrote:
tennisplyr wrote:Responses follow a normal distribution, interesting.
And not what I would expect. I would have expected a bimodal distribution, with most retirees around 30% stock (the allocation of Target Retirement Income), and those retirees who have extra assets and are investing primarily for their heirs at 70% stock or higher.

I didn't answer this poll because I am a long way from retirement and don't even have a planned date yet.
I agree, I think folks in this forum are ultra conservative in the way they look at finances, a pleasant surprise to see willingness to take risks.
Those who move forward with a happy spirit will find that things always work out.

jginseattle
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Re: Retiree Poll:What is your current AA?

Post by jginseattle » Sat Dec 27, 2014 4:53 pm

I'm currently at 54/46.

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cfs
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Re: Retiree Poll:What is your current AA?

Post by cfs » Sat Dec 27, 2014 5:29 pm

tennisplyr wrote:Responses follow a normal distribution, interesting. So here's my question, I'm 65 , retired and am at 50/50. Seems like I am well within range of my fellow retirees---hence, no change necessary?
Shipmate TP, I would not change a thing.
~ Member of the Active Retired Force since 2014 ~

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BostonBoy
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Re: Retiree Poll:What is your current AA?

Post by BostonBoy » Sat Dec 27, 2014 7:39 pm

I'm currently at 50/50 age being 64. Retired since June of 2007.

john94549
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Re: Retiree Poll:What is your current AA?

Post by john94549 » Sat Dec 27, 2014 7:44 pm

Folks, that is a "bell curve" if I ever saw one.

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cfs
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Re: Retiree Poll:What is your current AA?

Post by cfs » Sat Dec 27, 2014 8:17 pm

The Fifty Percent or Below Solution (Equities).

Good evening, shipmates, and talking about Equities, what I see here is about 65% of respondents in the 50% or below group, and this is a good thing. It is possible that a majority (this writer included) is following Larry's recommendation (well, not exactly using the Larry Portfolio), are investors with a "low marginal utility of wealth," and are not taking extra risk, because at this point going "from having enough to not having enough is unthinkable" . . . using quotes from Reducing the Risk of Black Swans (Swedroe & Grogan, 2014).
~ Member of the Active Retired Force since 2014 ~

3504PIR
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Re: Retiree Poll:What is your current AA?

Post by 3504PIR » Sat Dec 27, 2014 8:42 pm

nisiprius wrote:
roka wrote:I'm currently at 30/70 which I think is too conservative. I'm thinking of going 40/60 which is still pretty conservative but it's an AA both myself and my wife can live with. So watch out, the day after I make the shift I'm sure we'll have a big stock market correction :oops:
In 2007, I thought we might be too conservative and was thinking of notching up our stock allocation. I'm glad we didn't, because in 2008-2009 we discovered that our risk tolerance was lower than we thought it was, and our asset allocation was as aggressive as we could tolerate. Be alert to the possibility of false confidence engendered by a big run-up.
So what is your AA?

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Re: Retiree Poll:What is your current AA?

Post by Sconie » Sat Dec 27, 2014 9:27 pm

66 2/3% equity and 33 1/3% fixed, not counting a nice-sized chunk of cash. Age 66 with a nice defined benefit pension plan benefit.
I know that you think you understand what you thought I said, but I don't think you realize that what I said is necessarily what I meant......

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VictoriaF
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Re: Retiree Poll:What is your current AA?

Post by VictoriaF » Sun Dec 28, 2014 9:49 am

grabiner wrote:
tennisplyr wrote:Responses follow a normal distribution, interesting.
And not what I would expect. I would have expected a bimodal distribution, with most retirees around 30% stock (the allocation of Target Retirement Income), and those retirees who have extra assets and are investing primarily for their heirs at 70% stock or higher.
I expected something like that, too.

For those with 50% stock allocation and above, it could be a matter of familiarity rather than prudence. Some people don't acknowledge that they have enough and continue working rather than retiring. Others continue investing aggressively in retirement rather than switching to a safer portfolio. The risk of the former attitude is missing a limited opportunity for a healthy worry-free retirement. The risk of the latter attitude is losing assets at the time when they may not recover.

I answered on the low end of the stock allocation, but it's not a true AA. I have a lot of cash that I will be spending while delaying taking Social Security. I don't want my early retirement plans to be affected by the markets.

Victoria
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Dandy
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Re: Retiree Poll:What is your current AA?

Post by Dandy » Sun Dec 28, 2014 10:21 am

At 66 I have 43% equities 57% fixed income.

But I think another interesting question is how many years worth of retirement funding do you have in "safe" assets (e.g. short term bonds, CDs etc) and to what age would that fund your yearly retirement drawdown needs.

For me that is about 26 years of funding which would be to age 92.

Just looking at your assets and allocation doesn't tell you the whole story. It might be useful to "stress test" your portfolio to see how your retirement would fare should there be some really bad times. Something like the regulators are asking the banks to do.

Dave55
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Re: Retiree Poll:What is your current AA?

Post by Dave55 » Sun Dec 28, 2014 10:31 am

Currently Semi Retired, 57 years young

39% Equity
39% Bonds
11% Cash
11% Outside Commercial Real Estate Investments

Dave

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Re: Retiree Poll:What is your current AA?

Post by tacster » Sun Dec 28, 2014 11:02 am

jfn111 wrote:close to 50/50 and 58 years old.
Ditto.
INSERT PITHY QUOTE HERE

dkturner
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Re: Retiree Poll:What is your current AA?

Post by dkturner » Sun Dec 28, 2014 11:57 am

cfs wrote:The Fifty Percent or Below Solution (Equities).

Good evening, shipmates, and talking about Equities, what I see here is about 65% of respondents in the 50% or below group, and this is a good thing. It is possible that a majority (this writer included) is following Larry's recommendation (well, not exactly using the Larry Portfolio), are investors with a "low marginal utility of wealth," and are not taking extra risk, because at this point going "from having enough to not having enough is unthinkable" . . . using quotes from Reducing the Risk of Black Swans (Swedroe & Grogan, 2014).
But what about the 65% of participants who are 50% or above? Is that a bad thing?

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