I will be 53 next month. I can retire from government in 2 years with a pension that equals about 60% of my salary.After vascillating, I have decided to keep 50% of my investments in stock (some mutuals, some in a managed account), 30% in a Vanguard index bond fund, and 20% in a guaranteed income fund.New money is going into the Vanguard Institutional Index fund.Like many others, my portfolio was destroyed and I don't think I will ever get it back to where it was.I'm going conservatively this time.Comments please. Is 60% of salary enough to maintain your standard of living. Retirement has most of the same expenses you hve while you were working, and you have more time for expensive leisure activities.(By the way, I get along well with 40% of salary.)Does your pension provide a full COLA. If not you will need more tments that grow during retirement to keep even.A managed accounts sound like a large fee operation. Do you get good risk-adjusted returns from your investment.I would invest 10% of my portfolio in REITs.
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