12-04-2018, 10:09 AM
I am 57 years old and plan to retire somewhere between 62 and 65. I am married. All accounts shown below are combined (me and wife). Both of us will wait until 65 to collect a pension and social security. I expect the pensions and social security to be about 70% of our annual spending needs at 65. This covers most of our basic needs. The portfolio will cover the balance of our spending needs. I do not need the portfolio to have high or even average equity returns. I only need it to help keep up with inflation. I believe a 60% equity and 40% bond split is conservative enough.
Do the below splits and ratios seem reasonable based on my needs? adequate diversification? Any other investment types I should consider?
FYI - I am hoping the Roth helps me avoid higher tax brackets (as much as possible). I Max-out on 401k and 403b. In addition, I do "non-deductible" IRA's contributions and then "back door" into Roth contributions each year.
Do the below splits and ratios seem reasonable based on my needs? adequate diversification? Any other investment types I should consider?
FYI - I am hoping the Roth helps me avoid higher tax brackets (as much as possible). I Max-out on 401k and 403b. In addition, I do "non-deductible" IRA's contributions and then "back door" into Roth contributions each year.