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I do not follow the mainstream advice of having only 10% of savings in the stock market when you actually retire. And the rest in CDs or bonds or all the other SAFE havens in the savings world.

I do not, either. I have been managing my own 401k (rolled over into an IRA I manage on my own) for a couple of decades. By and large, we've done okay with it, except, of course, for major whacks like 2008. Even so, we're doing okay.

However, I have had to watch what my IRA money is invested in. Some is in dividend-paying equities (several of those can give you much more than CD's, for example), and some is shifted now and then among some perhaps "adventurous" stocks that I have carefully scouted out. Nothing is in bonds, per se. Very little is in mutual funds because they are too slow to react to changes, IMHO.

4%? No. Sometimes I take nothing; other times, if needed, I may take more. I can take whatever I want, whenever I want, on 24-hour notice on line, and have it in my checking account the next day -- which has helped sometimes. But that can be a trap, obviously! Be careful!

Watch what you do, do not follow anyone else blindly, and be ready to work at how your money is working for you. Be ready to sometimes (hopefully not too often) bail out of something that goes sour.

Good luck!

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