- November 13, 2023
- Posted by: legaleseblogger
- Category: Related News
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**Financial Situation of Both Spouses**
Both spouses are 63 years old, with one already retired and the other planning to retire by the end of 2024. They have no debts and own their home. Their planned portfolio withdrawal rate is 3%, which is sufficient to cover their projected retirement needs unless the market continues to decline. They are also planning to take Social Security at age 70 and have a small pension that amounts to approximately 40% of their Social Security benefit when they turn 65.
**Investment Portfolio and Asset Allocation**
The couple’s investments are all in mutual funds and ETFs, with a current asset allocation of 62% in post-tax investments and 38% in pre-tax investments. Their asset allocation includes 41% in US equities, 13% in non-US equities, 25% in bonds, and 21% in cash. The cash portion of their portfolio has built up as bond fund reinvestments were moved to cash over the past few years due to rising interest rates. They are not comfortable with increasing their equity allocation further due to the volatility of the risk markets.
**Request for Feedback on Asset Allocation**
They are seeking feedback on their current asset allocation and would like to know if there are any suggestions for improvement.
**How AI Legalese Decoder Can Help**
AI Legalese Decoder can help the couple by providing an analysis of their current asset allocation and suggesting adjustments based on their risk tolerance, retirement timeline, and overall financial goals. The AI can assess the potential impact of market volatility on their portfolio and offer recommendations for optimizing their investment allocation to align with their retirement needs. Additionally, AI Legalese Decoder can provide insights on tax-efficient strategies for managing their post-tax and pre-tax investments. By leveraging AI technology, the couple can gain a better understanding of their investment portfolio and make informed decisions to secure their financial future.
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Sounds reasonable to me at a high level. Is it sufficient cash for your initial years of retirement? Need to find a balance youÔÇÖre comfortable with to avoid sequence of returns risk, but also enough long term growth to not exhaust funds near the end.
Possible unpopular opinion for consideration ahead.
Sounds like you have substantial investments and are about average for risk tolerance. Looks like you are in a great position to start taking (admittedly reduced) Social Secutity benefits immediately when you retire and drop your withdrawal rate to 2%, mayne lower.
From there you could either ratchet risk down to avoid unnecessary risk or stay invested like you are and likely build your portfolio somewhat for heir(s) or worthy cause(s).
I would use total US and total ex-US stock ETFs for the equity and whatever the equity portion is, I would split it somewhere between 60%US/40% international and 50/50.
So with you about 54% total in equity now I would be roughly 33% US and 22% Intl. US mega cap has definitely been the place to be for the last 10-15 years, but I don’t think it will go like that forever. Especially as the developing world grows a massive middle class.
Just curious, why would you aim at the super safe withdrawal rate at your age? Are you aiming to preserve your capital for inheritance?