No. of Recommendations: 0
Greetings, Duquince, and welcome. You asked:

<<Can anyone suggest proper portfolio allocation for a 58-year-old retired FIT with about $600,000 to invest. It's currently with an advisor who charges 1.25% and has averaged about 21% gain after 1994. I take about $20,000 annually from earnings.>>

There are many theories as to the "appropriate" allocation for those already retired. I personally don't want any money I know I will spend within five years in the stock market, but I want 100% of that which won't be used for five or more years in stock.

Phil aka slwjpw and Zev aka zgriner gave you their takes. You can find more in the 23 posts on this board starting at . The bottom line is it all rests with your comfort level and your need. One thing for sure -- Were I you, I would certainly try to avoid using a service that costs me 1.25% per year unless I was totally uncomfortable with doing the investing on my own.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.