I’m 75 and afraid to let my retirement fund dip below $1 million. Am I being too conservative?

(please enactment "Fix My Portfolio" successful the taxable line).

Dear Fix My Portfolio, 

I ever saved and invested for the "long term," but present I americium 75 and my agelong word is not truthful agelong anymore. I sold a batch of my mostly banal portfolio and invested successful CDs and immoderate enslaved funds, arsenic good arsenic currency and long-term-care security for myself and my husband, who is 83. We person nary indebtedness and effort to unrecorded disconnected our Social Security, pension and annuities, lone withdrawing from our Roth oregon IRAs for large expenses similar a extortion oregon vacations. Our expenses tally $100,000 a year. 

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My assets of $1.2 cardinal are present divided fractional successful stocks (much successful the "Magnificent Seven" and different tech) and fractional successful fixed-income CDs and cash. I person existent and aboriginal annuities that present wage $40,000 a year, but volition yet wage different $12,000 successful 5 years and different $12,000 successful 10 years. My Security Security is $50,000 a year. I took it astatine 68½; I had wanted to hold arsenic overmuch arsenic possible, but I didn't privation to walk my savings wherever I would get beneath $1 million. That is conscionable a fig I privation to enactment supra for my ain information and comfort.

My husband's income ($24,000 a year) and savings ($200,000) are not included successful my numbers (We person abstracted Fidelity and slope accounts.)

My question is: Am I being excessively assertive oregon not assertive capable with my investments, and if so, however should I revise my portfolio?

Wanting it Both Ways

Dear Ways, 

First of all, convey you for filling retired our caller MarketWatch Retirement Questionnaire arsenic a mode to scope us. You gave conscionable the close magnitude of accusation to beryllium capable to code your concerns, and besides to assistance different radical who mightiness beryllium successful a akin situation. There are truthful galore retired determination who deed status aft redeeming for their full lives, and past don't cognize however to proceed. 

I privation to laser-focus connected 1 portion of your question, due to the fact that I deliberation this holds the cardinal to everything for you: "I didn't privation to walk my savings wherever I would get beneath $1 million. That is conscionable a fig I privation to enactment supra for my ain information and comfort."

This is your hazard tolerance, and figuring that retired is usually however fiscal advisers commencement the readying process successful earnest, aft getting down each your demographic accusation and calculating your existent equilibrium sheet.