OP HERE: Thanks Everyone!
Since we recently retired I have been trying to figure out how to draw a steady income from our Nest Egg of $1.2 mil and decided to use Evensky's Bucket Strategy. I did not know whether to put the HY fund into Bucket #2 which is bonds and supposed to be fairly safe, or Bucket #3 which is stock, more volatility and long term growth.
Hey pb4uski, you used the word bucket in your post. Are you using the Bucket Strategy? My wife is a very conservative investor so by showing her that we will have 3-4 years of living expenses in cash in Bucket #1, she will let me do what I want with Buckets 2 and 3.
Thanks,
Nick