First, you must always worry about inflation. At your age, 45, you have another 40 years to have fun. Using the Rule of 72, 3% inflation will cut your purchasing power in half after 24 years. Consequently, you must always include a growth factor in your portfolio.Regarding your risk, if you believe that a well-invested stock portfolio, over time, will increase in value, then a temporary drop should not influence your decisions at the moment. At your current age, you have time to allow the market to correct itself upward.For example, a current portfolio of high-yielding DJ stocks should easily provide you with the 150000 pre-tax income you say you can get by on. Additionally, if you were to follow the High-Yield 10 Beat the Dow strategy, you would roll your stocks yearly. The appreciation of the stocks, over time, will actually increase your dividend income, as well as your nest egg.Have a great life,Zev
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