PRISM: Prioritizing Your Goals

Jenna, I can't find the interactive worksheet Assessing Your Risk Tolerance. I just have the PDF.

I pretty much do this in a different way. Every investment reviews the weighted average beta factors or std deviations. Those values aren't always easy to find. I align it to a portfolio tag of Risk vs Conservative. It's nice to see the tie to goals and how that ties to the tolerance levels in a multi-dimensional way. I currently analyzing bucket strategy. I have a large pension, several decent size annuities...I believe that funding should cover my fixed costs of living. Going into retirement I have 3 homes. A downtown condo which I'll aways keep for retirement because they medical support in the city is far better than the country in Texas, a lake home in the country w/multiple structures, and a condo in Pamplona Spain. So my fixed costs of living are abnormally high, but covered primarily by my non-portfolio assets. I had saved a very good portfolio that would be touched minimally to cover goals - like grandkids education, but I just inherited $1.5m of stock assets that has now changed my portfolio a lot. Therefore I taking this class, and the new classes at AAII (despite being a CFP and formerly having a brokers license) just to assure all the topics are fresh on my mind as I figure out how to rebalance everything using the bucket approach. Barrons had a great article on this approach - 9/24 - that I'm using as a guide w/this PRISM to redo things. I became a life member w/the full services at AAII in anticipation of this - but I still have yet to put in my portfolio, but I am looking for good LT growth, using dividend income w/some bond income, and minimizing taxes...about 40% of my assets are in a taxable brokerage account and I have two IRA-BDA's that I have to liquidate in 10yrs w/the new Biden laws (errrr!). Anyway - lets just say enough has happened I need to re-evaluate it and what factors I used to build my retirement - are no longer relevant now that I'm somewhat in retirement (waiting for the day we are no longer managing parents). Just a lot to think about, but in a good way. We are pretty blessed. I made good money in A&D as an executive for many yrs. Social security is just going to be delayed because of taxes, but w/Social Security I'm looking at a gross income of around $275k/yr w/o my portfolio. We also have two LTC plans - recently bought another when I learned my 2013 plan never kept up w/costs despite the inflation rider. I have over $210k in premiums (lumpsum) in these policies to buffer our care needs - which now working on 6yrs of care giving w/2 employees thorough my consulting business to care for my in-laws realize all the PROBLEMS boomer growth has created in this field. The 3-4 yrs of support is now probably over 10yrs w/the aging growth, and care facilities are a mess, and # care workers woefully short of what's really needed. Having your own employees where you can make up the cost of middle man fees and give it to the worker is THE ONLY way to assure long-term consistent good support, but how will I do payroll when we need it? Lots to think about.