Anyone keep it real simple by going 100% into any individual fund? Is it simply to risky?
I have ~$500k in an after-tax retirement account that I would like to draw monthly income out of. The current yield (4.45%) will pay for all my basic expenses.
In addition to that account, I have $88k in a solo 401k plan that has around 30 years to grow before I plan on pulling anything out of that. Is going 100% with one of the Vanguard Target Retirement accounts an acceptable solution? I'm thinking the 2035 fund has a rather attractive allocation for my goals.
I guess when all is said, my total allocation between all accounts would look something like this:
$500k - After tax acct
$88k - Solo 401k
$20k - Emergency Cash (Fidelity MM currently)
I'm only 29yrs and like the idea of floating around from fun job to fun job when I need the money. Having my expenses covered via the Wellesley yield would give me a bit of piece of mind when I decide I don't want to work for a year or two...
I have ~$500k in an after-tax retirement account that I would like to draw monthly income out of. The current yield (4.45%) will pay for all my basic expenses.
In addition to that account, I have $88k in a solo 401k plan that has around 30 years to grow before I plan on pulling anything out of that. Is going 100% with one of the Vanguard Target Retirement accounts an acceptable solution? I'm thinking the 2035 fund has a rather attractive allocation for my goals.
I guess when all is said, my total allocation between all accounts would look something like this:
$500k - After tax acct
$88k - Solo 401k
$20k - Emergency Cash (Fidelity MM currently)
I'm only 29yrs and like the idea of floating around from fun job to fun job when I need the money. Having my expenses covered via the Wellesley yield would give me a bit of piece of mind when I decide I don't want to work for a year or two...