Quote:
Originally Posted by glassman
So basically tread lightly and pay attention (or you won't be paying anything...hahaha)
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Well...... once you start living off the cash-flow -- and you're "older".... it's not the time to be risking what took you years to achieve. So MOST people take a step back and invest a bit more conservatively. At retirement you're goal is to have a steady rock solid cash flow you can count on for many years. You don't want to be gambling - suddenly loose a quarter mill - and then have the market be down too.... and all of a sudden you're in hot water.
Now -- if you have 5 or 10 or 20 million.... then you can take a bit more risk because if you have 10 million -- and it's spinning off 500 to 600K in cash... (5 or 6%) -- you're probably okay regardless.
