Thanks to the rising tide raising all boats, I am right on the verge of retirement.
Investing aggressively got me to where I can, but I fear my aggressive allocation is now a bit of a liability.
I hadn't given much thought about how I would transition my portfolio when I retire.
Current allocation is 90% stock ETFs(mostly VTI and QQQ spread across Roth/IRA/401 rollovers/taxable brokerage).
10% is currently in money market funds. I sold some stinkers late 2023 and was waiting for a dip that didn't happen.
Now I am thinking about selling more stock ETFs to lessen my risk as I would like to retire mid this year to early next year.
I had always thought Wellington would be my answer, but with most of my funds in Schwab that isn't really cost effective.
Is a 80/20 or 70/30 a workable strategy using my current stock ETFs as the stock portion and MM/CDs for the stable portion or consider some sort of balanced fund or combo of current funds combined with bond fund(s)?
Investing aggressively got me to where I can, but I fear my aggressive allocation is now a bit of a liability.
I hadn't given much thought about how I would transition my portfolio when I retire.
Current allocation is 90% stock ETFs(mostly VTI and QQQ spread across Roth/IRA/401 rollovers/taxable brokerage).
10% is currently in money market funds. I sold some stinkers late 2023 and was waiting for a dip that didn't happen.
Now I am thinking about selling more stock ETFs to lessen my risk as I would like to retire mid this year to early next year.
I had always thought Wellington would be my answer, but with most of my funds in Schwab that isn't really cost effective.
Is a 80/20 or 70/30 a workable strategy using my current stock ETFs as the stock portion and MM/CDs for the stable portion or consider some sort of balanced fund or combo of current funds combined with bond fund(s)?