In December, we met with a Vanguard CFP through Voyager Select program and went over our situation and their recommended funds. I am about to send Vanguard some significant money to get to the 500K minimum they require for the consultation to be no cost. Their fund recommendations were basically index funds with our AA at 40/60 (stock/bond)
Since that time, I have purchased Pen Fed 5 year CD's (thanks to this forum!) to the tune of 20% of our portfolio. Am thinking of going with a mix of Wellesly and Wellington for the balance of that 500K ( I like the simplicity) DH's 401K has been put 100% in Fidelity Freedom 2015 which is a 40/60 balanced fund.
We are both 57, and looking for DH to go part time with his company next year. Plan on both taking SS at 62, which will reduce our WR to around 2.6%, which seems prudent. We are solidly in the 15% tax bracket, and will continue to be in that bracket in retirement.
After we fund our Roths for this year, the balance of the new money being sent to Vanguard will be in taxable funds. Can anyone advise if holding Wellington and Wellesly in taxable funds is somehow a bad idea? We will need some income to fill the gap once DH goes part time, but don't want to generate too much taxable income. In our bracket, long term gains are taxed zero, and qualified divs are taxed at a lower rate as well, I believe. So maybe there's no problem?
Thanks in advance for your thoughts and advice-I'm very grateful for this forum, as I've learned a ton here.
Since that time, I have purchased Pen Fed 5 year CD's (thanks to this forum!) to the tune of 20% of our portfolio. Am thinking of going with a mix of Wellesly and Wellington for the balance of that 500K ( I like the simplicity) DH's 401K has been put 100% in Fidelity Freedom 2015 which is a 40/60 balanced fund.
We are both 57, and looking for DH to go part time with his company next year. Plan on both taking SS at 62, which will reduce our WR to around 2.6%, which seems prudent. We are solidly in the 15% tax bracket, and will continue to be in that bracket in retirement.
After we fund our Roths for this year, the balance of the new money being sent to Vanguard will be in taxable funds. Can anyone advise if holding Wellington and Wellesly in taxable funds is somehow a bad idea? We will need some income to fill the gap once DH goes part time, but don't want to generate too much taxable income. In our bracket, long term gains are taxed zero, and qualified divs are taxed at a lower rate as well, I believe. So maybe there's no problem?
Thanks in advance for your thoughts and advice-I'm very grateful for this forum, as I've learned a ton here.