Anyone do IPS? Investment policy statement?

[Rukh O'Rorke]

www.bogleheads.org/wiki/Investment_policy_statement#Benefits_of_using_an_IPS


Trying to get good at this. Wondering what others might be doing?

[vonna]

I sort of did a version of this, primarily for DH sake.  His eyes glaze over whenever I discuss investments or financial goals.  I wrote up a pretty detailed plan in military operational planning style to appeal to him, starting with a Mission Statement.

He read it, and appreciated it -- I think I did this around the time I retired, so maybe 2006?  I was going to update yearly..... I'm thinking I never did....

Will try to dig it up this weekend and see what I think of it now!

[Rukh O'Rorke]

May 29, 2021 7:22:51 GMT -5 vonna said:

I sort of did a version of this, primarily for DH sake.  His eyes glaze over whenever I discuss investments or financial goals.  I wrote up a pretty detailed plan in military operational planning style to appeal to him, starting with a Mission Statement.

He read it, and appreciated it -- I think I did this around the time I retired, so maybe 2006?  I was going to update yearly..... I'm thinking I never did....

Will try to dig it up this weekend and see what I think of it now!

Interesting! I would have thought that it was moot after retirement, but maybe just that I am on the other side and can't see the forest through the trees.

[Rukh O'Rorke]

This is where I am at so far.

Goals:
2 million in savings to retire
Minimum of 24k/yr. yield from dividend portfolio
1 year in I-bonds

Target allocation:
money market 1%
I-bonds 4%
dividend portfolio 35%
growth portfolio 60%

Current allocation:
money market 0%
I-bonds 0%
dividend portfolio 19%
growth portfolio 81%

Plan:
For the most part, fill up buckets prioitizing the highest risk/reward to get it in for growth. With some deviations. I am still shy of the raw number for the growth portfolio. Once that is filled out, I'll concentrate on finishing the dividend bucket. I-bonds are limited in purchasee per year, so will try to max that each year going forward.  I have a large stach of cash I plan to spend on home upgrades, so while not counted here, I could still access at the moment for any EF needs, so not worried about having no cash in the bucket. Will aim for 10k once I empty the home improvement funds. 

I just started the dividend portfolio this year. Well - Maybe december of last year. I am feeling like I need to start the less aggressive pieces of the plan and feeling a bit insecure in the market right now. 

I would say I was a few years away from retirement but honestly I could collapse at any moment and/or leave in a huff over something because I am so over it all with work right now.

[vonna]

May 29, 2021 9:44:19 GMT -5 Rukh O'Rorke said:

May 29, 2021 7:22:51 GMT -5 vonna said:

I sort of did a version of this, primarily for DH sake.  His eyes glaze over whenever I discuss investments or financial goals.  I wrote up a pretty detailed plan in military operational planning style to appeal to him, starting with a Mission Statement.

He read it, and appreciated it -- I think I did this around the time I retired, so maybe 2006?  I was going to update yearly..... I'm thinking I never did....

Will try to dig it up this weekend and see what I think of it now!

Interesting! I would have thought that it was moot after retirement, but maybe just that I am on the other side and can't see the forest through the trees.

I am retired military -- I was 41 when I retired, with two kids, ages 11 and 1.  My husband retired a few years later.  So our early retirement plan had to take a lot into consideration.  Two kids to put through college (one down -- the youngest still in high school) as well as working through survivorship issues just in case.

[djAdvocate]

wow, rukh.
i long ago gave up on $2M.
but strangely enough, i might get it.
i got lucky with some estate stuff.

never heard of an IPS.
thanks for posting!

[tallguy]

Anyone do IPS? Investment policy statement?

No.  Never wanted to.  Never needed to.  Never bothered.