joecan5785
Confused about dryer sheets
- Joined
- Jan 5, 2016
- Messages
- 7
Hi everyone. I wanted to get some advice on how best to increase bond allocation. I am 58 years old, no longer working and will need to rely on my portfolio. No pension and about $12k in SS if I claim at 62. Presently have about $900,000 saved and allocation is 53% stocks, 34% bonds and 13% cash.
Both my IRA and Roth have bond funds. I am in the 10-15% tax bracket. My question is if I want to increase my bond allocation, my ONLY choice is bonds in the taxable account, correct? Due to my tax bracket, municipal bonds would make no sense. So I would have to pay all interest, right?
I wanted to know if I have any choices so as not to generate taxable interest or what my best options would be.
Any advice would be greatly appreciated.
Thank you
Both my IRA and Roth have bond funds. I am in the 10-15% tax bracket. My question is if I want to increase my bond allocation, my ONLY choice is bonds in the taxable account, correct? Due to my tax bracket, municipal bonds would make no sense. So I would have to pay all interest, right?
I wanted to know if I have any choices so as not to generate taxable interest or what my best options would be.
Any advice would be greatly appreciated.
Thank you