I'm currently 30 and 100% invested in equities contributing 7% of my pre-tax income to a 403(b) and around 5% of my post-tax income to a Roth account, all in a mix of low-cost US and total world market index funds. I don't plan on adding bonds to my portfolio until I'm probably around 55 but in my current job, which I don't see myself leaving, I will get a pension equal to 1% of my average five highest years of earnings. Since I'm 30 now and will probably work until at least 65, my pension income could be equivalent to ~35% of the average of my five highest salary years. I currently pull in about $100k per year and, between my wife and I, we have around $60k saved up in our retirement accounts. I've seen some people say that bonds aren't totally necessary if you have a guaranteed fixed income stream like a pension. Would it make sense to stay invested in equities for even longer than 55? Or maybe just have reduced bond holdings than typically recommended? Obviously, it depends on whether I stay with my job to secure a decent pension but at least for now, I see myself staying in the same job or at least with the same employer (a large state agency) for probably the rest of my career. What do you think?
Statistics: Posted by JakeTakesARandomWalk — Thu Apr 04, 2024 11:14 am — Replies 4 — Views 314