Hello and I welcome your input.
I am currently turning 55 and hoping to retire near around 60. My current portfolio is below
My children are all in college at the moment and that cost is being serviced by their 529s
The mortgage has about 10 years left on a balance of $200K at a rate of 2%
While I know that this is a risky portfolio, being all in equities, I am seeking the collective advice of this board as to how i may be able to continue to grow this..to perhaps $4M... with some level of ballast or safety in my distribution of assets.
In other words...what would YOU do with this portfolio, if you wanted to retire in 5 years
I would expect to take SS at 67 or even 70, and that would provide..let says... $4K a month at that point.
Lastly, I would like to have $4M, as that could provide $160k per year at a 4%wd rate. (These are "wants"..so I am asking, right?). Perhaps I need a reality check... but really..at this stage, I don't need to hit home runs, but rather conservative base hits, with the occasional double..and a smattering of strikeouts, right?
Thank you for your input here
TOTAL Retirement Savings: $2.9M Breaks down as follows
Rollover IRA ($2.2M)
I am currently turning 55 and hoping to retire near around 60. My current portfolio is below
My children are all in college at the moment and that cost is being serviced by their 529s
The mortgage has about 10 years left on a balance of $200K at a rate of 2%
While I know that this is a risky portfolio, being all in equities, I am seeking the collective advice of this board as to how i may be able to continue to grow this..to perhaps $4M... with some level of ballast or safety in my distribution of assets.
In other words...what would YOU do with this portfolio, if you wanted to retire in 5 years
I would expect to take SS at 67 or even 70, and that would provide..let says... $4K a month at that point.
Lastly, I would like to have $4M, as that could provide $160k per year at a 4%wd rate. (These are "wants"..so I am asking, right?). Perhaps I need a reality check... but really..at this stage, I don't need to hit home runs, but rather conservative base hits, with the occasional double..and a smattering of strikeouts, right?
Thank you for your input here
TOTAL Retirement Savings: $2.9M Breaks down as follows
Rollover IRA ($2.2M)
- Vanguard 500 Index - $1.0M
Vanguard Strat Equity $281K
Fidelity 500 Index $630K
Fidelity Blue Chip Growth. $127K
Fidelity Diversified Intl - $10K
Home Depot - $81K
- Amazon $50K
Vanguard 500 Index $24K
Vanguard Divid Apprec $95K
Vanguard Intl Growth $88K
- Alphabet(Google) - $67K
Apple - $90K
Berkshire Hathaway Bshrs - $32K
Microsoft - $30K
Procter and Gamble - $31K
- Fidelity 500 Index - $40K
- High Yield Savings - $40K
Statistics: Posted by rcmx — Sat Jul 27, 2024 3:28 pm — Replies 6 — Views 747