Which brokerage, Fidelity, Vanguard, or Schwab?

Fidelity is Ok. Schwab clients seem to be happy. Vanguard is a different story all around. Their service is slow and their policies are geared to buy and hold customers only. It could be major listed stock with no financial issues if they don't like their strategy they will not let you buy it. Basically they don't want aggressive strategies but all strategies/stocks are risky to a point.
 

HarryHawk said:
When it comes to the stock market, time is your friend. Some of us seniors certainly don't have the same luxury with regards to time as does a 35-year-old person still at work.

If we are relying on our investments to provide a regular income, perhaps the biggest risk we face is --

Sequence of Return Risk, also called sequence risk, this is the risk that comes from the order in which your investment returns occur. To put it another way, sequence of return risk is the risk that market declines in the early years of retirement, paired with ongoing withdrawals, could significantly reduce the longevity of a portfolio
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this is a concept few understand.

average returns mean little when spending down . the same exact average return can see as much as a 15 year difference in how long the money will last over a 30 year retirement between the best out come and the worst .

just the order the gains and losses come in has more of an effect than the gains themselves .

contrary to popular misbelief ,even a conservative 4% inflation adjusted draw using fixed income and little to no equities has failed to last 30 years so many times it has actually earned a unsafe success rate rating .

100% equities has actually done about the same as 50/50 ….the bigger up years help the spending in the down years .

so people do have their facts reversed
 
The Guru's above may not like this but I have a diversified portfolio that I keep in a growth mode even though its a conservative 40/60 set of ETF's and bonds. I never WD 4%, normally it's 2.6 - 3.5%. On a bad year I may put off a WD. I made sure I could survive on my penny fixed income during that kind of year. I stay debt free. This works. I know some will not be able to do this for various reasons but I never here people talk this way. I would rather be frugal a leave some behind then lose my independence. No I am by no means rich. Wishing you all great retirements.
 

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