Good recommendation on Vanguard for investments.
If you have handled your investments during your savings phase, why wouldn’t you be comfortable handling your $$$ during your spending years?
What a lot of people don’t realize is that you need to keep making money during your retirement years but you have to be a little more cautious on what you invest in. Buy and hold good index funds in good and bad times, since you can’t time the market. If you look at history, recessions only last a couple of years at most and usually the market comes back to be higher than before the recession.
I don’t understand why people look at annuities. You have high fees, and when you start receiving your annuity payout, you are also receiving social security payments and starting to make your RMD’s. You add all of this up, you will be in a high tax bracket and probably have much more disposable income than what you need.
I use a modified bucket system: a cash bucket that I can live on for a couple of years that gets replenished by dividends, and another bucket of investments (diversified index funds). If the market goes down like last year, you don’t need to sell anything to live on. Without selling, you don’t need to try to time the market for when it’s a good time to get back in.
I use Schwab to make my trades, I don’t pay Schwab for any brokerage services, I do my own trades. I have been using Schwab for over 25 years and get access to a lot of free services that you normally pay for. I have had questions in the past about tax harvesting, social security, annuities, and others and Schwab gave me access to their specialists.
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