Quote:
Originally Posted by Stu from NYC
Interesting. In grad school spent a lot of time talking about dollar cost averaging but only on the buy side.
Why sell a fixed amount when you do not need the money on a fixed schedule, better to take out only when needed unless you are uncomfortable having too much money in equities and want to rebalance your portfolio.
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My original retirement plan was to liquidate all stocks over time in retirement, and replace them with a laddered portfolio of bonds. But, my plan was derailed by the artificially low interest rates created by the Federal Reserve. Fortunately, I am able to live very comfortably on my obscenely high Federal pension.