Fender's final approach to retirement.

[fenders53]

(08-21-2021, 02:50 PM)rayray Wrote:

(08-21-2021, 11:39 AM)fenders53 Wrote: No I am not selling naked puts and I'll quote and drag this over to the option thread.  I desire conversation  with the normal people on this thread LOL.  It's going to be a long one and I don't want to run them off.  They are smarter on taxes and buying and holding AAPL 10 years ago lol.

I bought and held my way to a decent sum of dollars, of course, a big downturn can change that very quickly since I'm fully invested for the most part. I'm about ready to be moving some ETF/mutual fund dollars to cash for redistribution into certain equities, slowly.

So far, I make about 32k in Dividends annually

Buy and hold and try not to sell has been my schtick for a while now

I make less than that in dividends, but I can easily exceed that with some of my port selling options.  I could alter the income by completely eliminating my cash position.  I'm not comfortable with that move at these valuations a year before retirement.  In the event we see a significant pullback n the next few years, then maybe that makes sense.  I am actually inclined to have a bit higher allocation in stocks at age 70 than 60.  The first few years will involve some planned purchases I that won't be repeated later.  I want a few nice things like a newish walleye boat I have saved for decades to buy, but I'm am a simple guy.  A nice vacation to XXX can cost $3K or 10K.  I'm the guy that is gong to spend $4-5K, have a nice time and put $1K n my daughters retirement account. 

In the meantime I will keep making extra cash selling options and put some of the profits away as safely as possible and still get a little yield.  This would be less complicated if a 3% medium term bond yield were possible.  Until then I am going to have to do it a little less conventionally. I was suppose to do a 2-3 fund Boglehead port and call it a day.  I haven't given up on landing there someday.     

And taxes are going to bother me.  I'll probably end up working part-time to pay Uncle Sugar his cut lol.  We'll see.