No. of Recommendations: 0
wwphoto asks,

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:......

A 6% to 8% withdrawal rate is very aggressive and it gets even worse when you add in the fees and expenses for a financial planner and the mutual funds recommended by same.

You might want to look at the Retire Early Study on Safe Withdrawal Rates, see link:

Your allocation of 55% stock, 45% fixed income securities is about right for a 20-year pay out period.


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.