I have read this forum for a long time and decided to take the leap.
We are in our early and approaching mid 70’s.
A big plus for us is our SS covers all of our non discretionary spending with some left over.
We are fortunate to have no debt.
We are both highly risk adverse.
We have almost 2 million spread out between IRA’s, Roth’s Taxable, MYGA’s and IBonds.
We also have a paid off home.
We are invested in CD’s, Treasuries, Municipals, Agencies and MYGA’s.
I see us adding to our portfolio each year which helps with inflation because we are currently generating about $80,000 and spending maybe a quarter of it because of travel.
We have a few older issues maturing soon which will be reinvested at much higher rates.
I generally try to invest in the safest higher yielding instrument going out 3 to 5 years but am flexible on that depending on circumstances and which account it is located in.
We have an excellent LTC plan that currently provides $355,000 max for each of us with a 5% inflation kicker. I realize that amount can go quickly if one of us has a lengthy Alzheimer’s situation.
At our ages and we do not have family histories of living into the 90’s, I feel comfortable knowing outside of a horrible LTC outcome, we should grow our portfolio going forward with no stock market worries. Even if fixed income is down to 2% in 5 years we are still generating more than we spend.
I have been thinking about buying TIPS with our upcoming maturing bonds and CD’s while rates are still good.
Would appreciate any help with my blind spots and thinking.
Thanks if you took the time to read this!
We are in our early and approaching mid 70’s.
A big plus for us is our SS covers all of our non discretionary spending with some left over.
We are fortunate to have no debt.
We are both highly risk adverse.
We have almost 2 million spread out between IRA’s, Roth’s Taxable, MYGA’s and IBonds.
We also have a paid off home.
We are invested in CD’s, Treasuries, Municipals, Agencies and MYGA’s.
I see us adding to our portfolio each year which helps with inflation because we are currently generating about $80,000 and spending maybe a quarter of it because of travel.
We have a few older issues maturing soon which will be reinvested at much higher rates.
I generally try to invest in the safest higher yielding instrument going out 3 to 5 years but am flexible on that depending on circumstances and which account it is located in.
We have an excellent LTC plan that currently provides $355,000 max for each of us with a 5% inflation kicker. I realize that amount can go quickly if one of us has a lengthy Alzheimer’s situation.
At our ages and we do not have family histories of living into the 90’s, I feel comfortable knowing outside of a horrible LTC outcome, we should grow our portfolio going forward with no stock market worries. Even if fixed income is down to 2% in 5 years we are still generating more than we spend.
I have been thinking about buying TIPS with our upcoming maturing bonds and CD’s while rates are still good.
Would appreciate any help with my blind spots and thinking.
Thanks if you took the time to read this!
Statistics: Posted by Goodenuff — Sat May 18, 2024 3:16 pm — Replies 1 — Views 113