There are a lot of people here and collectively a ton of knowledge so I'm hoping I might get some investment advice.
I want to retire in about 5 years when I'm in my mid-50's. I plan to do it early with personal savings and not touch my pension until age 62.
When I'm retired I'd like to be about 50% securities and 50% fixed income; right now I'm 100% Securities with a small amount in cash.
The current security position is about half in Vanguard Total Stock Market ETF (VTI) and the other half in QQQQ. I plan on selling QQQQ and buying the VG total bond market. I'm guessing after the steep decline in the market that I'd be a lot better off waiting for "the Q's" to rebound (hopefully in less then 5 years) and then selling as apposed to transitioning over now when the market is low.
My question is this, how should I do this transition? Wait until the market returns to what it was a year ago, sell all the Q's at one time and lump sum into the bond market? Sell off a little bit over several years and dollar cost average into the bonds? Or
Any advice would be appreciated.
Bob