My wife and I are 60-year-old retirees. We both have pensions and are planning on taking Social Security at age 62. I calculate that I will need a return on my investments of 6% to 8% to maintain our present lifestyle. My financial planner has me invested in 14 mutual funds with a distribution as follows:55% are equity funds, 25.7% fixed income, 13.9% mortgage backed, 4.9% preferred securities, and .5% cash. Several of the equity funds have major holdings in the NASDAQ and have been quite volatile. My feeling is that this distribution may be too aggressive for a retiree who is depending on withdrawals.My tolerance-for-risk factor is getting more conservative by the day in view of the wild fluctuations of the market reacting to the election, the Mid-East situation, the Euro, oil prices, or whether Saddam is having a bad day or not.Comments or suggestions would be welcome.Warren
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