Mid 50's, looking to retire (or at least go part-time) in a couple of years when my kids graduate from college. Have about 60% of my investments in 401k's and an IRA and about 40% in a taxable account. The taxable account has about 20 DG stocks and the IRA has about 6 DG stocks. The 401k's are in mutual funds and will eventually be rolled into the IRA and reinvested in stocks. Once interest rates rise, then there will be individual bonds added, but until then its mostly stocks.
On October 31st, 2014, I retired. Turned in the keys to the company car, gave them my computer and my account lists and joined the ranks of those who "slipped off into the sunset." I never thought in retirement that I would be this busy. It's fun. Time with the grandkids, time to perfect my cooking skills, and time to travel and check off the things on my bucket list. I should have done this a long time ago.
PRIMARY OBJECTIVE: ... Income Replacement!
Escape velocity is the speed that an object needs to be traveling to break free of the planet's gravitational pull and leave it without further propulsion.
This portfolio is looking for the point where the income being generated can allow the holder of this portfolio to escape the gravitational pull of the market and economic forces of worrying about share prices.
The objective is to generate enough income from assets that the only selling of shares will become an option, not a necessity to survive. Therefore, with enough income being generated, it minimizes the fear of meaningful market corrections as dividends are based on the number of shares owned, not the share price.