Dawg52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Me too.
At some point I will go to a single fund and avoid the re-balancing task. The unfortunate part of a single fund is that withdrawals then come from both stocks and bonds instead of just the better performing fund, but the simplicity will outweigh the advantage at some point/age. Also, you lack more granular control over the equity/income split in a single fund, but I expect that's also OK at some point/age.
I purchased my first balanced fund ever the other day. I won't ever get to just one fund as I like having a good chunk of cd's and a couple of index specific funds, but I do plan to consolidate quite a bit to the balanced fund over time. Going for more simplicity as I age.