Is 100% Stocks Too Risky at 71? (FQF)

This week on Five Question Friday (FQF):

Question 1: Is it crazy to be 100% in the S&P 500 at age 71?

Question 2: Why do Open Social Security and Boldin give different answers on when to claim Social Security?

Question 3: Is it better to take retirement withdrawals monthly, quarterly or once a year?

Question 4: If you take all your RMDs from one IRA, will the IRS flag your other accounts?

Question 5: How should you treat a large gold position in your asset allocation and in retirement planning software?

Resources mentioned in the video:

Vanguard asset allocation models: https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation

FI Calc: https://ficalc.app

Bengen's 1994 paper: https://robberger.com/wp-content/uploads/2024/01/retailinvestor.org_pdf_Bengen1.pdf

Social Security survivor benefits: https://www.ssa.gov/survivor/eligibility

Social Security family benefits: https://www.ssa.gov/family/eligibility

Schwab RMD calculator: https://www.schwab.com/ira/ira-calculators/rmd

Open Social Security: https://opensocialsecurity.com

Boldin: https://go.robberger.com/boldin/yt-fqf-2026-10-30

Early Retirement Now, SWR Series Part 47: https://earlyretirementnow.com/2021/08/18/when-to-worry-when-to-wing-it-swr-series-part-47/

IRS Publication 590-B: https://www.irs.gov/publications/p590b

Morningstar with Ed Slott on RMDs from different accounts: https://www.morningstar.com/retirement/how-plan-rmds-different-retirement-accounts

Testfolio (the backtest tool): https://testfol.io

ProjectionLab: https://go.robberger.com/projectionlab/yt-fqf-2026-10-30

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0:00 Intro: this week's five questions
1:09 100% in the S&P 500 at age 71
5:38 Why Open Social Security and Boldin disagree
12:42 How often to take retirement withdrawals
14:33 Taking all your RMDs from one IRA
17:28 A big gold position in your portfolio

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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