UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: Traveler07 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: Money management during retirement Date: 1/12/1999 12:00 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<I am considering converting my company 401K that offers mutual funds only to an IRA where I can purchase individual stocks and use the RP4 and other strategies to obtain better performance over the long term than with mutual funds. My thought is that when I'm ready to retire in a few years I'll create a cash reserve equal to some number of years of expenses, say three, and keep the rest of the assets in stocks, moving to cash as required whenever the portfolio is adjusted. Is this a reasonable strategy given that I may be retired for 30 years or more? How many years of expenses should be kept in cash? What potential hazards need to be planned for? What experiences have others had with this or similar strategies?>>

Although I'm probably farther out from retirement than you are, I have found some good resources for you. Try visiting the Workshop board. Continuing discussions on mechanical investing via stock screens with alot of tips on asset allocation. Post #12798 is a good place to start, as well as the FAQ button at the bottom of the page. You could use this board to get some excellent ideas on how to manage the stock portion of your portfolio.

Books: I'm currently reading James O'Shaunessy's "How to Retire Rich" and he gives a good discussion of asset allocation strategies and options given the individual's risk tollerance, age, retirement goals etc. A list of other good books can be found here:

www.geocities.com/Paris/Bistro/7707/finance.html

Hopes this helps, Sarge!

Semper Fi,

Traveler07

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement