[wita]

I’m retired and have liquidated all assets.

I am sure there is much more to this than meets the eye.

I am well past retirement age, still working, paying taxes and spending money to have my taxes done by someone who knows what he is doing. All necessary to support the two of us and the assets.

I guess my questions are, why you decided to liquidate, what have you discovered post liquidation good or bad, and was it the right decision. Hope I haven’t asked too much. I would guess simplification would be one reason.

[Diana in Wisconsin]

I’ll message you. :)

[trebb]

I haven't actually "liquidated" all assets - both of us getting SS and have other retirements that pay the expenses with a decent amount left over, but we have no debt...we own both vehicles and the house.

We both have IRAs that are in a vehicle that guarantees 6% (4.8% after fees) but will not lose any principle if the market tanks, while gaining extra if the market does well under a set of circumstances. Last year we gained over 10% because the market did well and it looks to be similar this year. Put some non-IRA money in an "annuity" that we have a good deal of control over and while the initial money was already taxed, the earnings (10% simple interest/year) will be taxed when we take them out (pro-rated to take x-amount of tax-paid and a smaller amount of taxable when we decide to tap it).

We chose the current vehicles because we took hits for both the previous "crashes" and did not want to risk such again in retirement - could be earning more right now but wanted the security blanket against big hits.

The only thing that could inconvenience us now is runaway inflation and it would have to be pretty bad to really cause issues.