I understand the person who said they gained weight with their job because I am living it. I work 24/7. I am working now at 11:18 pm listening to you. And my work day started at 8:30 am. The demands are crazy.
Rob, speaking of fixed income, I know you have spoken in the past about this, but the "Bucket" strategy certainly has been a hot topic over the past year given volatility. I'd be interested in you doing a refresher. thanks
So the person who asked about how to invest 1.5 mill would make a great video or video series. You could save a lot of people some financial planner fees giving your thoughts on how you personally would invest based on different inputs (age, SS, other income, etc)
Hey rob I find myself agreeing with you on most things but your take on SS not being fixed income feels off to me. The reason I definitely think of it as fixed income is that having it guaranteed is covering a lot of your fixed expenses. This means treating the rest as a typical retirement portfolio misses the point that a majority of the income needed from the portfolio is for nice to haves or variable expenses. Therefore it is probably ok to vary much more over the course of retirement. Including the SS as fixed income realigns the entire exercise with typical retirement and risk thinking
I believe Rob's explanation was thorough and the way I will think about it. SS and other guaranteed income may take care of a significant portion of your retirement expenses. What he suggests is how much of your portfolio is needed beyond the guaranteed income. If it's close to 4% then the allocation to fixed income in your portfolio will need to be higher than if it's only 1-2%. I am 65, retired, not collecting SS yet and only have 20% in fixed income because I have other income that more or less takes care of my short term needs.
@robberger. I would love your opinion on my annuity. Current rate is only 2%. Guaranteed to not go under 1% wow. This am after tax annuity so I only owe taxes on the interest earned and it’s not much.
