Nothing specific at exactly 10 years out, but a lot of activity within that 10 year window as I prepared for retirement:
- Even before the 10 years, at around age 50, we shopped for and purchased our long term care insurance policies
- I spent a huge amount of time deciding how we were going to withdraw from our portfolio. I ultimately landed on amortization using methods similar to a simplified version of TPAW and my own spreadsheet. I find that thinking about multiples of expenses is only a very crude way of thinking about it because it's ultimately tied to SWR, which is a withdrawal method I would never use. You can get closer with the funded ratio but even it is, in my opinion, too conservative. Instead, I would periodically calculate what a withdrawal from our portfolio would be using my method and when I was satisfied that there was decent margin, that marked the beginning of when we could retire.
- We moved our bonds in our tax advantaged accounts from an intermediate treasury bond fund to, instead, duration matching with 2 TIPS funds with the idea that sometime after retirement, we would convert these to an actual TIPS ladder for nearly hands-off income.
Just had my 1 year anniversary of being retired and so far everything's going to plan.
It's all a continuum for activities before retirement, at retirement, and in retirement. This year, for example, we'll be looking at our first Roth conversion. DW goes on medicare next year and me the year after that. She'll start SS at age 66 and me at 70. We'll think about a SPIA sometime in our 80's, if longevity appears to be part of the picture. We're also thinking about a relocation as well. Plenty of things to keep us busy.
Cheers.
- Even before the 10 years, at around age 50, we shopped for and purchased our long term care insurance policies
- I spent a huge amount of time deciding how we were going to withdraw from our portfolio. I ultimately landed on amortization using methods similar to a simplified version of TPAW and my own spreadsheet. I find that thinking about multiples of expenses is only a very crude way of thinking about it because it's ultimately tied to SWR, which is a withdrawal method I would never use. You can get closer with the funded ratio but even it is, in my opinion, too conservative. Instead, I would periodically calculate what a withdrawal from our portfolio would be using my method and when I was satisfied that there was decent margin, that marked the beginning of when we could retire.
- We moved our bonds in our tax advantaged accounts from an intermediate treasury bond fund to, instead, duration matching with 2 TIPS funds with the idea that sometime after retirement, we would convert these to an actual TIPS ladder for nearly hands-off income.
Just had my 1 year anniversary of being retired and so far everything's going to plan.
It's all a continuum for activities before retirement, at retirement, and in retirement. This year, for example, we'll be looking at our first Roth conversion. DW goes on medicare next year and me the year after that. She'll start SS at age 66 and me at 70. We'll think about a SPIA sometime in our 80's, if longevity appears to be part of the picture. We're also thinking about a relocation as well. Plenty of things to keep us busy.
Cheers.
Statistics: Posted by dcabler — Thu Jun 13, 2024 6:32 am