jg12345,
Looking at your portfolio frequency is a personal decision for each of us, but what you do after looking at it is a more important matter. I retired at age 65 back in 2002 with a well balanced 60/40 portfolio of Vanguard funds. If you remember 2002 was the tech bubble bust time. Then there was another down turn around 2008 and yet another somewhere around 2018 and another around 2023.
Fortunately I took no serious actions other than reducing my asset allocation to 50/50 around age 72 and another reduction to 40/60 around age 81. Then finally last year at age 87 we came up with a very simplified allocation of 35/65 using the Vanguard Target Retirement Income Fund (VTINX) for all of our IRA and Roth accounts except for a small taxable investment account in Vanguard 500 Index Fund (VFIAX). Our reasoning here was it is an account that my disinterested spouse can merge into the small IRA account in VTINX that she holds. Any help needed by her could be provided by our financially savvy daughter in my absence.
The best thing that we did during these 23 years of retirement was to "stay the course" and not tinker with the plan other than what is stated above. No knee jerk reactions to what was going on in the market at any particular time. In the years we had to take RMDs we ensured we took advantage of qualified charitable distributions (QCDs) from a tax point of view to reduce our taxable income.
Best of luck in whatever you decide to do.
Looking at your portfolio frequency is a personal decision for each of us, but what you do after looking at it is a more important matter. I retired at age 65 back in 2002 with a well balanced 60/40 portfolio of Vanguard funds. If you remember 2002 was the tech bubble bust time. Then there was another down turn around 2008 and yet another somewhere around 2018 and another around 2023.
Fortunately I took no serious actions other than reducing my asset allocation to 50/50 around age 72 and another reduction to 40/60 around age 81. Then finally last year at age 87 we came up with a very simplified allocation of 35/65 using the Vanguard Target Retirement Income Fund (VTINX) for all of our IRA and Roth accounts except for a small taxable investment account in Vanguard 500 Index Fund (VFIAX). Our reasoning here was it is an account that my disinterested spouse can merge into the small IRA account in VTINX that she holds. Any help needed by her could be provided by our financially savvy daughter in my absence.
The best thing that we did during these 23 years of retirement was to "stay the course" and not tinker with the plan other than what is stated above. No knee jerk reactions to what was going on in the market at any particular time. In the years we had to take RMDs we ensured we took advantage of qualified charitable distributions (QCDs) from a tax point of view to reduce our taxable income.
Best of luck in whatever you decide to do.
Statistics: Posted by tomd37 — Thu Feb 06, 2025 8:50 pm