Newly retired at age 65.
Currently 25% money market, 40% bonds, and 35% equities all in IRA all VG funds.
Would like to reduce cash to around 10%. How should the" excess" cash be invested.
I understand "your age in bonds", but bonds are currently dropping in value and stocks are rising. (perhaps long term).
The pundits seem to believe that the past ten year favorable bond market will not continue.
That is the market seems to favor Wellington over Wellesley- solely as an example.
So short term treasuries, stocks, corporate bond, Wellignton, Wellesley, or ?
Comments and suggestions please.
Currently 25% money market, 40% bonds, and 35% equities all in IRA all VG funds.
Would like to reduce cash to around 10%. How should the" excess" cash be invested.
I understand "your age in bonds", but bonds are currently dropping in value and stocks are rising. (perhaps long term).
The pundits seem to believe that the past ten year favorable bond market will not continue.
That is the market seems to favor Wellington over Wellesley- solely as an example.
So short term treasuries, stocks, corporate bond, Wellignton, Wellesley, or ?
Comments and suggestions please.