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We're 62, taking our SS and been retired since 1995. How are the rest of you diversied?

I'm 66 and my spouse is 62, been retired since 1995 and taking SS.

I presently have a target allocation of 60% equities and 40% fixed income. The equities are held 40% stocks and 20% mutual funds with half of the mutual fund money in index funds and the other half in managed funds which have over performed the index.

The fixed income is half 5 year bond/CD ladder and the other half 6 month t-bills.

The 20% t-bills are enough to provide a 4% withdrawal rate for the next 5 years. The way I manage the t-bills is to take 20% and divide by 26 and place that amount into t-bills weekly so that I have t-bills maturing every week that I can draw on if need be.

Since I have a pension and SS I feel that I can risk a little more in equities than if this money were my sole source of income and since I retired and started managing my nest egg in 1995 I have had an average yearly rate of return of 10.6%.

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