If I’m willing to cut my spending from my retirement savings by about 10% if my portfolio craters–going from say $45,000 to $40,000–that flexibility lets me mostly dodge the worst-case scenarios where I run out of money before I run out of road. (More precisely, this flexibility suggests that in about 95% of cases in past, my savings would sustain retirement over three decades.)
Don’t forget spices and nutritional supplements. Yes, you can plan a well-balanced diet with prepared foods, but not everyone has the same taste. Spices and herbs allow you to change up the flavor of the same basic ingredients for variety and interest. Vitamins and supplements are an important addition to your emergency supply stash. Choose nutrition bars, protein powder, or multivitamin capsules that support nutrition and boost natural immunity.
Note: In his wonderful book for individual investors, “Unconventional Success,” Swensen suggests a 70% allocation to stocks with 30% directed to US stocks, 15% to developed foreign stocks, 15% to real estate investment trusts and 10% to emerging foreign stocks. The 30% bonds allocation gets split in half, with one part going into intermediate US Treasury bonds and the other part going into the US Treasury’s inflation protected securities.
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