Find Your Asset Mix and Time Horizon
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Find Your Asset Mix and Time Horizon
Download and print Morningstar’s Income Worksheet for Retirees.
Things To Know
- Keep in mind that Americans are living longer, healthier lives than ever before.
The right mix of stocks, bonds, and cash is going to depend upon how sure you want to be that your money doesn’t run out prematurely.
Your asset mix
On your income worksheet, circle which asset mix comes closest to your current allocation.
Your time horizon
Your time horizon is how long you expect to draw on your portfolio. In other words, it’s how long you expect to live once you retire.
Keep in mind that Americans are living longer, healthier lives than ever before. A woman who is now 65 can expect to live another 20 years, while a 65-year old man likely has another 17 years to look forward to.
Do some quick math
Subtract your expected retirement age from your life expectancy to figure how long you’ll be tapping your portfolio. Circle the number of years that come closest on the worksheet.