Howdy,
I've been nudged into early retirement and likely won't work again. For now I do have some income but not enough to cover monthly expenses.
Basic info:
Age: 35
Assets: $2.3M vanguard (87% US, 13% Intl, 0% bonds, 0% cash). $2.5M private equity (no liquidity option, but I will liquidate as soon as I can and move to vanguard)
Monthly expenses: $10,000/mo
Income: $7,000/mo
I'm running at a mild deficit and spending about $2-3k more than I'm earning per month. I am wondering whether I ought to convert some of my stocks to cash to smooth the ride. On the flipside, I have a high market risk tolerance and hate to leave money in cash/fixed income securities. I like the idea of rising equity glide path and keeping as much in equities as possible.
What would you do in this situation? Is there substantially more risk to just liquidating a bit from stocks as needed to pay bills vs. keeping a larger cash buffer?
I've been nudged into early retirement and likely won't work again. For now I do have some income but not enough to cover monthly expenses.
Basic info:
Age: 35
Assets: $2.3M vanguard (87% US, 13% Intl, 0% bonds, 0% cash). $2.5M private equity (no liquidity option, but I will liquidate as soon as I can and move to vanguard)
Monthly expenses: $10,000/mo
Income: $7,000/mo
I'm running at a mild deficit and spending about $2-3k more than I'm earning per month. I am wondering whether I ought to convert some of my stocks to cash to smooth the ride. On the flipside, I have a high market risk tolerance and hate to leave money in cash/fixed income securities. I like the idea of rising equity glide path and keeping as much in equities as possible.
What would you do in this situation? Is there substantially more risk to just liquidating a bit from stocks as needed to pay bills vs. keeping a larger cash buffer?
Statistics: Posted by moral_hazard — Sat Aug 24, 2024 12:25 pm — Replies 1 — Views 57