04-27-2021, 10:53 AM
(04-27-2021, 10:26 AM)ken-do-nim Wrote:That's a reasonable plan. The investment world will evolve by then, and you are educating yourself well in advance. I had virtually in interest income until age 55. Just invested n growth for decades. The plan was to convert it to an annuity that would happen next year. (At current FED Funds rate interest rates next year, Ugg!) Then I found out I could just transfer my account and have total control. Though I doubt I will, I could always buy an annuity 10yrs from now if interest rates were to return to something I'd consider normal.(04-27-2021, 10:18 AM)fenders53 Wrote: A port average yield target maybe? Not a chance I force myself to only own 5% yielders immediately into retirement. I'd be left with T-MO and ETFs that do magic finance tricks with all my money. I've seen that movie in a down market.
Sorry that was unclear; port average yield. There would still be plenty of 2-3% yielders in there, balanced off by 7% ers, so that I can earn the $150,000 a year in dividends I mentioned above.
Back on your topic, I currently have no plans to ever completely abandon growth. Fast forward ten years and I happen to have a growth stock that doubled in only a few years? I have no problem peeling off 5% to spend, and put the rest in an income vehicle. I'd still be far ahead of a non-growth high yielder. Rules and plans are good. You have a decade to "what if" the plan. That what if is a big deal we can't foresee a decade out.