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|Subject: Re: 70 year old looking for asset allocation?||Date: 8/26/2011 4:49 PM|
|Author: JLC||Number: 69469 of 78033|
...no kids so spend most of your money before we die,
so how should we allocate to etf's?...
First, pick your time of death.....
All kidding aside, depending on your health and family history, you could still live another 25 years*. So inflation probably will be your number one enemy. So don't go too crazy with fixed income. Would suck to turn 95 and have to become greeter at Walmart.
* Personal story. When I became a teenager, my Granny would say "If I can live long enough to see you graduate high school..." (I was Granny's favorite). Then it became "If I can live long enough to see you graduate college", then "If I can live long enough to see you graduate medical school". You get the picture. This all started when she was about 70. She died about 5 years ago at 98.
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