I am about 3.5 years from my walk away from corporate America, I will be 55 then. All of my projections look pretty good. Long story short is I don't plan on pulling from my portfolio until my wife retires some 3-4 years after me. My portfolio is presently 95% stocks and I am nervous. I have been talking with my Fidelity rep (Fidelity has about 50% of my portfolio now) about moving into bonds.
But he told me that the bond market isn't too hot right now, although he agrees I should move something. I'd be comfortable with a 60/40 stocks/bonds.
I weathered 2008-2012 pretty well, but this close to retirement could not afford something like that now should it occur.
I realize that everyone's risk tolerance is different, but thoughts from those in the trenches about moving into bonds at this point? I would put myself right about in the middle of the conservative/aggressive scale. Good place/sites for advice/research on the bond market?
Thanks an advance...
But he told me that the bond market isn't too hot right now, although he agrees I should move something. I'd be comfortable with a 60/40 stocks/bonds.
I weathered 2008-2012 pretty well, but this close to retirement could not afford something like that now should it occur.
I realize that everyone's risk tolerance is different, but thoughts from those in the trenches about moving into bonds at this point? I would put myself right about in the middle of the conservative/aggressive scale. Good place/sites for advice/research on the bond market?
Thanks an advance...