Quote:
Originally Posted by davem4616
keeping all our savings in the stock market hoping to get rich is akin to putting it on a table in Las Vegas. We still have some money in the market as a hedge on inflation, but the overwhelming majority is in other vehicles and investments. For us, it's about enjoying our wealth and sharing our wealth...we are well past the era of accumulating wealth.
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Smart! actually, I like the phrase "we are well past the era of accumulating wealth". Yes, in retirement its about preserving wealth. . . Now sure about paying off the mortgage but not the bond, since both are expenses with rented money. I don't want any debt for retirement, as my income is limited with zero time to recover. . .
So if you can afford your lifestyle using investment money to bridge yourself to max Social Security, then using up 100% of your social security, and not spend your savings/investments, except for an ocassional big trip, you should be ok. A working couple with max social for both is at least $70K a year. . . which should be enough without dipping into remaining savings for awhile. . .
interest is always an added expense. . . you can't get around it. . . and the assumption that you can always make more in the market may not hold true during your holding period. . . maybe in the past, but that isn't your holding period