I’m planning on rebalancing soon and actually dropping my asset allocation to 55/45 stocks to fixed income. Previously I’ve been 60% or higher stocks. But with the market doing great and I’m pretty sure the new tax laws are going to let me keep more of my own money, I’m thinking it may be time to reduce my exposure.
Ive been retired now for a little over 10 years and I also turned 60 this year. So I’m getting older and my net worth has grown quite a bit since I quit working, so evidently I am still living below my means.
So I’m thinking I’ve probably only got 10-15 years left where I’m still physically able to do some of the things that I do now. I don’t see a lot of active pilots flying high performance, complex aircraft at 75, even John Glen gave it up at 80. Also while there are many older golfers at the country club, I can see a point where it would not interest me to just beat it around. Also I don’t see myself traveling as much if it gets where I’d have to use one of those motorized carts that seem popular now.
so I guess where I’m getting at is the next few years I’m going to be a little more conservative with my investments, but much more liberal with my spending.