I would like suggestions about the portfolio I am going to set up for my partner. She has no interest or desire in handling a portfolio (when I'm not here to do it) so I am trying to make it as easy as possible for her (the less funds the better). My written advice to her would be that if I pass before her she should sell the stocks + Wellesley and put everything into Target Retirement.
She is 66, retired and lives off of her pension & SS. Her home is paid for and she has no debts or children. She has an emergency fund of 2 years living expenses.
My proposed portfolio is:
CDs - 28% (already owns)
I Bonds - 3% (will buy)
Ford - 2% (already owns)
GE - 2% (already owns)
Intel - 3%(already owns)
VG Wellesley Adm (VWIAX) - 32%
VG Tgt Rtrmnt Inc (VTINX) - 30%
Stocks 29%/Bonds/Cash 71%, E/R 0.18%
She is 66, retired and lives off of her pension & SS. Her home is paid for and she has no debts or children. She has an emergency fund of 2 years living expenses.
My proposed portfolio is:
CDs - 28% (already owns)
I Bonds - 3% (will buy)
Ford - 2% (already owns)
GE - 2% (already owns)
Intel - 3%(already owns)
VG Wellesley Adm (VWIAX) - 32%
VG Tgt Rtrmnt Inc (VTINX) - 30%
Stocks 29%/Bonds/Cash 71%, E/R 0.18%