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No. of Recommendations: 2
4% of our current portfolio is more than our current annual expenses (even before we stopped doing much because of the pandemic).

I know there's a lot of debate about the 4% number, which is why I prefer FIRECALC. I think it's a bit more thorough because it takes into account some factors that would be specific to the individual.

Also, TMF published an article within the past two or three years that said you shouldn't "rebalance" your portfolio just because of your age or status. Stick with what works for you. I tend to agree. I don't know bonds, and haven't owned a bond fund in 30 years. I might move out of some riskier stocks I have if I feel I don't have time to monitor them properly, but otherwise I have no plans to change my approach. It's worked for me for the past 25+ years (when I mostly moved out of MFs and into actual stocks).

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