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Greetings, Maphisto, and welcome. You asked:

OK, I started, and sold a business, invested the proceeds, and (by chance, not skill) got rich, and retired at 45. (I ended up with about $5 million)

How do I organize my portfolio? Do I still need to take risks? Can I just sit back and get 5% from Bonds? Should I worry about inflation? Do my investments still need to outperform the market?

I have very low expenses, I like to travel, and have figured out I can live very nicely on $150,000 a year. (before taxes)

I'd like to average 10% growth a year. 5% to spend, and 5% for inflation and to steadily increase my income. I don't want to lay awake worrying at night, and I don't want to wake up to learn I just lost 50% of my nest egg.

Others have already commented, but I'll add my two cents anyway. IMHO, yes you will have to worry about inflation and you will have to take a little risk to stay ahead of the game and preserve the purchasing power of both your principal and your income for the next 40 to 50 years. OTOH, if you didn't care about principal but wanted your income to increase with inflation of 4% per year, then that $5M invested in munis earning 5% would last 40 years assuming a starting income of $150K per year.

All in all, you're in an excellent position. IMHO it wouldn't cost much for you to see a fee-only CFP on this issue. At best it would cost you $1K depending on how detailed you want to be in your planning. In exchange, you would get a portfolio mix that takes care of your income and estate needs. Not a bad trade from my perspective.


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