No. of Recommendations: 1
He advises 100% stock during your working years since your paycheck and future Social Security benefit represent a large fixed income allocation.
This, along with a healthy emergency fund of 6 months expenses, is exactly what we did. And sure, working for a very cyclical industry, there were some breath holding times when we were not sure about our jobs for months at a time, but felt because we were such consummate LBYMers, we could deal with it.
As you close in on retirement, you want to add some fixed income -- perhaps as much as a 60/40 stock/fixed income allocation.
Nope. We have deferred SS until 70/max retirement age for DH/me. That and RMDs at 73 are going to add to our taxable income in a serious way. If anything, we are eliminating as much income that is out of our control taxwise, to prepare for the serious increase in taxes at 70. No fixed income for us, unless we decide to hold it in a TIRA.
IP
