A great topic to think about. When will you turn your equities to cash, at what age? Any planning?
Well, conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and mutual funds. That strategy still has merit, according to many financial advisors.
In terms of how much money you should have in the stock market at a certain age, for example 70 80 90 etc...: That depends on several different factors, ranging from your health and preferred lifestyle to your debt load, net worth, monthly bills, income sources and risk tolerance.
One old bit of general wisdom mentioned by this article is that you should subtract your age from 100 to come up with the percentage of your portfolio that should be in stocks. If you're 75, for example, then you should have 25% in stocks.
For me, personally, I agree with this rule and if I am still really interested with equities at this age, I will switch my holdings from growth to dividend stocks for low volatility and consistent return. How about you?
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