Ms Cheapo and I just got nice pay increases which push our pensions above *all* our retirement expenses (including health care) by about 10%. Both our pensions are COLAed and our retirement expenses are very generously estimated. We'll retire in our early 50s and take social security at 67 which will give us another 50% expense cushion.
Given that, I've decided to go with a 100% Stock Asset Alloocation being 80% domestic and 20% international with a medium sized tilt to small/medium caps. I think that will give us the largest potential return given we are unlikely to touch the stocks until well into our 70s when we may need LTC (we are self insuring) or paying for grand kids tuition etc.
The caveat is that we are in California and the Californian Rule (protecting pensions) applies to Ms Cheapo (25% of our pension amounts) but probably not to me (75% of pension amount) as I'm not technically a government worker (even though I work for a state entity).
Given that, I've decided to go with a 100% Stock Asset Alloocation being 80% domestic and 20% international with a medium sized tilt to small/medium caps. I think that will give us the largest potential return given we are unlikely to touch the stocks until well into our 70s when we may need LTC (we are self insuring) or paying for grand kids tuition etc.
The caveat is that we are in California and the Californian Rule (protecting pensions) applies to Ms Cheapo (25% of our pension amounts) but probably not to me (75% of pension amount) as I'm not technically a government worker (even though I work for a state entity).
Statistics: Posted by MrCheapo — Sun Sep 08, 2024 1:01 pm — Replies 16 — Views 797