Dawg52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My asset allocation will be about 45:55 (equities:fixed).
As you can see, I am constrained by the fact that over 3/4ths of my portfolio will have to be in my taxable account.
This is pretty much my situation. I like Wellesley as well but wanted to minimize my capital gains so I purchased DVY for my dividend play and BND(bond etf) along with a couple of muni etf's which hopefully all combined, performs close to Wellesley. DVY is a little heavy with financial stocks, as compared to Wellesley, so I have added a few non-financial dividend stocks to offset.
A little more work to get to the same place but hey, I'm retired. Gives me something to monitor when I'm not chasing the golf ball. Like today.....it's raining again!