Scoop: Top Senate Dems propose emergency Social Security payment boost

[madville]

35. It's really all about individual risk tolerance

Common guidance has been to have no more than 40-50% in stocks past age 60, and 20-40% at most past age 70, of course that should vary depending on one’s individual situation, are they still working, when are they going to draw social security, do they draw other pensions like military, VA comp, federal or railroad retirement, municipal or state retirement, etc, etc.

Another general rule has long been to subtract your age from 100 and that’s how much exposure one should have to the stock markets, like 100-60=40%, 100-75=25%, etc. If someone is dependent on withdrawals from their fund, they’re playing with fire having 60% or more directly tied to the markets.

I’d like to see a source recommending 60% or more be allocated to stocks past one’s retirement date (especially past age 60), that’s a significant amount of risk as we are seeing. Maybe a younger person that say “retires” at age 50 or something and has more time to recover from the inevitable downturns.