I am almost 62 and have been retired for 5 years. I was a college professor so salary was not large but pension is 65% of Av. of last two years salary. I used a 403b and an IRA(until they changed the rules and I made a little more than minimum contributions) The net result was that at retirement I had about 500,000. I left the IRA and played the market which of course has been very kind over the past 5 yrs. I will start soc. security in Oct. My feeling is that if I reinvest dividends and sell some stock as needed I might as well enjoy life while I can. We have purchased a condo which we plan to pay off in five years and try to take a few trips a year. The wife did not work. Our soon is a policeman so not well paid. We plan to fund his roth and give him some stock each year. We think with these provisions we will have enough to enjoy life and still spend a modest amount each year. Allocations are about 60% stocks, 30% munis, and 10% cash.At 70 enjoy life you deserve it.
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