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I think you gotta be pretty lucky or disciplined with a high income from an early age to be in a position to start unloading risk at 45. Most folks don't have
by mvc 2mo ago
I think you gotta be pretty lucky or disciplined with a high income from an early age to be in a position to start unloading risk at 45.
Most folks don't have disposable income after rent and bills until they're 30.
- francisofascii 2mo agoAgree, that advice seems to be targeting folks who have had a 401K since they were 22. Also, I think it is basically saying the point where you start adjusting your stock/bond ratio down. At 40, maybe you have 80% in stocks, and change it to 75% when you turn 45.