Quote:
Originally Posted by flatbutt
Property tax is high but w/out the mortgage it's a wash. My 401k is very conservative now. I moved most of the funds into low yield low risk investments two years ago. By my estimates I'd need 40K a year after tax to be quite comfortable.
|
Something to be aware of, if inflation does rear its ugly head soon, the types of investments you describe will be decimated. I am not a money management professional, I don't play one on TV, I haven't stayed at a Holiday Inn for a couple of months, and I was a C+ student with an economics major twenty years ago. But in inflationary times you need a portfolio that will inflate with the rate of inflation. That means stocks. Look long and hard at putting a large portion of your portfolio in an S&P 500 index fund, matched with a DOW and NASDQ ETF (similar to an index fund).
You have a long life ahead of you. You need your money to last as long as you do. Keep enough in some low risk, low return fund to live off of for a year or two, to protect you from big market drops like we had in 08-09. But you really need exposure to stocks in an inflationary environment. Stay domestic.
Edit. I see that your figure includes income from Social Security. In that case, I would think you are a short. You might have that as your initial income, but I don't think your principle will be large enough to last your lifetime.