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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:

http://www.geocities.com/WallStreet/8257/restud1.html

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

intercst

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