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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Max2.0 who wrote (7798)	8/9/2024 5:59:35 PM
From: chowder	Respond to of 22060

Re: A lot can happen and I don't want to count on an inheritance bailing me out. That's the point. According to the plan I would put in play, counting on the inheritance isn't a necessity, it simply allows one to be in a position to adjust at a later point. There are many risks when planning on retirement income. In my opinion the greatest risk is not having enough. It's why I say secure the income first and then adjust as you go along, de-risking the portfolio, picking up more quality, all while increasing the income stream as we go along.

To: Max2.0 who wrote (7798)	8/9/2024 7:36:15 PM
From: mrw11g	2 Recommendations Recommended By agniv ddbpaso Respond to of 22060

Re: I am not factoring inheritance into my economic plan. A lot can happen and I don't want to count on an inheritance bailing me out. I never counted on any inheritance. At 91 years of age my Dad had a decent amount of money still in his IRA. However, that last 2 or 3 years of his life cost him (and his wife) a large chunk of the IRA. He used almost 40% of his IRA in those 2 or 3 years before he passed away. I'm grateful for the inheritance I got. However, it's not much money. It's enough for me to put off collecting Social Security for about 2 years, which helps a lot. Mike