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I am in similar situation, hoping to be a bit closer to retirement

The adjustment from chasing growth to asset protection has been a tough adjustment for me to make. Have started to think through asset allocation not just by what my mix should be, but more by when I want to use it...ie, leaving my 401k heavy in equities (I wont draw for at least 13 years) and moving my brokerage accounts to more protective positions as those are the primary funds I'll use between now and 59.5.

(In response to this post by vt90)

Posted: 08/06/2020 at 10:19AM

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Piggy-backing on Elberto's stock post ... I am now under 7 years until -- vt90 08/06/2020 09:58AM

So if you aren't in equities now you might as well put it under your bed. ** -- UTPr0sim 08/06/2020 9:33PM

Never get out of the stock market -- MrBayAreaHokie 08/06/2020 1:52PM

I'm definitely not getting out by any means. Overall I will still have 67 -- vt90 08/06/2020 2:01PM

Another way to look at it -- what level of return do you need in retirement -- Hoke 08/06/2020 12:37PM

I'm three years into retirement and still at 70%, might go higher -- Hokerer 08/06/2020 11:54AM

I have 99.9% in stocks but then I'm also 36. ** -- ElbertoHokie 08/06/2020 1:13PM

I AM retired and have been 85% equities the whole time. Dividends replace -- 133743Hokie 08/06/2020 11:33AM

Ditto; 55-60% but I am closer to retirement than you -- WestyHokie 08/06/2020 11:22AM

Westy - you staying in Colorado or moving elsewhere? -- Wo xin Hokie 08/06/2020 11:47AM

Elsewhere, for the same reason you cite -- WestyHokie 08/06/2020 1:10PM

Yeah - I've heard the most likely "compromise" related to their -- Hokie360 08/06/2020 11:33AM

Except ... -- vt90 08/06/2020 12:09PM

Yeah - wasn't trying to start a debate about all the ways they could damage -- Hokie360 08/06/2020 12:51PM

That would be good for me as well. ** -- vt90 08/06/2020 12:52PM

That will crater our economy. ** -- EDGEMAN 08/06/2020 12:26PM

Do you have a budget? -- `lag 08/06/2020 10:20AM

I do - I spent quite a bit of time project expenses during retirement and -- vt90 08/06/2020 10:30AM

Our expenses have gone up in retirement. We don't have a budget -- really -- 133743Hokie 08/06/2020 11:36AM

The big thing is to get your home in good shape -- lchoro 08/06/2020 11:17AM

Is avocado green shag carpet still current? Asking for a friend.** -- `lag 08/06/2020 4:08PM

I totally agree with this... -- VTNuke 08/06/2020 11:35AM

Did you buy the house next to me? -- Hokie360 08/06/2020 11:41AM

Not next to you, but I really hope it isn't a year of renovations ** -- VTNuke 08/06/2020 12:25PM

There have been a few 60s houses in my neighborhood that have had... -- EDGEMAN 08/06/2020 12:23PM

Funny you should say that ... -- vt90 08/06/2020 11:20AM

We just got a $ 10,000 contract to replace roofs on house and garage -- lchoro 08/06/2020 7:45PM

Modernizing kitchen and master bath probably have biggest benefit. -- Hokie360 08/06/2020 11:37AM

How u paying for healthcare in retirement? ** -- FfxStationHokie 08/06/2020 10:19AM

And have a plan for long term care. ** -- Hokie360 08/06/2020 10:25AM

I plan to start buying long term care insurance when I hit 55 ... -- vt90 08/06/2020 10:33AM

I'm sure you've seen this. Fidelity updates the estimate every year. -- Hokie360 08/06/2020 10:41AM

That actually sounds low to me ... -- vt90 08/06/2020 10:49AM

Figuring out health costs between now and 65 is probably biggest question -- Hokie360 08/06/2020 11:30AM

Check the AARP (and other similar) group plans. You could also take ... -- vt90 08/06/2020 12:12PM

I am in similar situation, hoping to be a bit closer to retirement -- Wo xin Hokie 08/06/2020 10:19AM

A couple of things. Just for reference, Vanguards 2020 fund, (for someone -- Hokie360 08/06/2020 10:09AM

Posted same without reading this first - agree with your points on time -- Wo xin Hokie 08/06/2020 10:20AM

Good points ... I also looked at how the 529 fund for my daughter's college -- vt90 08/06/2020 10:18AM

That’s good advice. ** -- RoswellGAHokie 08/06/2020 10:14AM

I would hold on equities, but that's just me. -- EDGEMAN 08/06/2020 10:07AM

I could make a case 70% equities is still a bit low -- Tafkam Hokie 08/06/2020 10:06AM

Agree with that except that I am extremely confident that I will have ... -- vt90 08/06/2020 10:14AM

Do you think you'd consolidate all your 401ks and IRAs under one advisor? -- Hokie360 08/06/2020 10:21AM

Most likely. Thinking before I retire I will move everything to Fisher ... -- vt90 08/06/2020 10:31AM

Fisher? Is that code for putting everything in a new boat? :-) ** -- Hokie360 08/06/2020 10:34AM

LOL - no boat for me. Fisher Investments. ** -- vt90 08/06/2020 10:36AM

On average market doubles every 7 years -- HokieForever 08/06/2020 10:03AM