Quote:
Originally Posted by manaboutown
Yes, I bit the bullet when I hit 80 a couple years ago and went about 50-50 equity securities and T-bills/money market funds. I did not have to sell any securities to accomplish this as I sold a couple of commercial real estate properties and put enough of the after tax proceeds into T-bills and money market funds to arrive at this distribution.
The stock market has moved up so much that I am now about 65-35. I plan to leave it as most of it is taxable on sale and I have enough in cash set aside to feel comfortable about it.
|
It's been a good couple of years for sure. I rebalanced the IRAs because of no tax lmplications. Didn't with the rest.