I am interested in your thoughts on asset allocation. I am 52 years old and have roughly $12.5mm invested assets (no debt; no pension). About $10 million of that is in taxable accounts. I am still working. I will probably work a 3-5 more years (though if I get really tired of it I may retire sooner). My current allocation is roughly 70%/30% (equity:fixed income). My plan is to "glide-path" that down to 40/60 over 4-5 years. Ideally I would be at 40/60 when I retire. A complication is that I may not have enough new money to invest in order to accomplish the glidepath solely through new contributions -- so there is some capital gains tax to be paid in order to accomplish the glidepath. But I think it still might be worthwhile, since I think at 70/30 or anything like that I am taking more risk than I need to. (It don't aspire to leave a big estate).
Any thoughts on this would be appreciated.
Any thoughts on this would be appreciated.