Balancing stocks in a retirement savings portfolio

I am 65 and retired. My husband has early dementia, so all financial issues are on me. Fortunately we are very well off. Besides a pension we have a trust, an IRA and a Roth that combined exceed $3 million. However, 60% of these assets are in stocks and the investment firm will not lower this proportion any further.

They are doing well with our money, but I’m still wondering if I should move my accounts to a firm that can offer me a more conservative portfolio. Even with a long-term care policy, my husband’s care could get costly. One month of in-home care currently costs $13,000. He’s in good shape otherwise and could live many years.

The investment firm should be able to tell you why this stock allocation — which is a bit on the high side for a retired couple — is appropriate in your individual circumstances. It would be ideal if the firm could also show you what a lower stock allocation might mean in terms of your current and future income, in case you want to make spending adjustments that would allow you to take less risk.

I am planning to retire in a few months at 65. My husband, who is five years younger, works for a corporation that provides excellent health insurance. When I sign up for Medicare, will I still be able to stay on my husband’s health insurance? Which insurance will be listed first for coverage?If the plan covers 20 or fewer employees, his employer can boot you off the plan or make it secondary to Medicare.

Notice the use of the words “typically,” “normally” and “generally” in the paragraphs above. Medicare’s rules and exceptions can be tricky to navigate. Talk to the benefits manager at your husband’s company so you know where you stand, and what parts of Medicare to sign up for as you turn 65.After working and paying into Social Security for more than 40 years, I took a city job at age 60.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next stock market crash: Albert Edwards says tech carnage is coming - Business Insider'Carnage awaits': A market expert who saw the dot-com crash coming explains why tech stocks are in the early stages of another collapse Geniuses know how to count 10 years
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple earnings: iPhone optimism hasn’t changed Apple’s downward trajectoryFrom one look at Apple Inc.’s stock, you might think that Wall Street was expecting something big from the company’s coming earnings report.
Source: MarketWatch - 🏆 3. / 97 Read more »

As Stocks Hover Near Highs, Past Pullbacks Worry InvestorsStocks are flirting with record territory but have been stuck in a narrow trading range, leaving investors grasping for a fresh driver that could propel the bull market to even greater heights. Patience.... mid November on the horizon 🐣🐤🐥 smiles 💰 patience SmilesAndSmilesToGo 😊 HugsForEveryone 🤗 Very low for KuBeiMei
Source: WSJ - 🏆 98. / 63 Read more »

Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? Investors may soon find outA scant few think that Jerome Powell & Co. will opt not to cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee on Wednesday. The stock market should be a function of interest rate policy Fed interest rate policy should not be a function of stock prices Because interest rate policy is about managing inflation and employment, with an eye toward economic growth—- not equity values...
Source: MarketWatch - 🏆 3. / 97 Read more »