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I have been thinking and planning for retirement since I was 27. I am now 55. We have close to the magic 1MM but need a couple of more years. What you really need to look at is what you have after capital gains. I am slowly liquidating stock, paying the capital gains out of income I am generating now. Investing in bonds with a target goal average of 7.5%.

My goal is 60% bonds producing 40K in income, 10% cash (enough to last 3 years in a bear market) and 30% in stock. Social Security will be whatever it is.

I would also recommend playing the max 2K in a Roth every year. Invest it in a growth instrument, don't touch it. Time is your friend on that one. Tax free income. A true gift from the feds. Use it later in life when you may not have the option of going back to work.

If your marginal tax rate when you retire is 33% or greater then you should consider muni bonds - double tax emempt.

The above in not based on experience but 28 years of thinking and reading about it.

my 0.02 worth

Good Luck

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