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I get this question a lot- and it depends.
Depends mainly on:
What are your goals?
How much risk are you willing to take?
What is your need?
The answer will vary for a person needing income of $50,000 a year and has over $2,000,000 in investments, versus someone needing an income of $120,000 a year and $150,000 in investments.
Paul Doak, CFP
Okay, make the attorneys and compliance folks happy “depends on Age, Risk tolerance, total amount of assets, time horizon, financial needs….