I retired several years ago from a company that has a 401k and a group that manages this fund. Due to a great loss of monies on a limited oil parnership several year prior I was not too keen on risking more on stocks so I placed my 401 in fixed income. Recently I place 45% in a balanced fund and the rest left in fixed income. QUESTION: at age 66 is that smart or should I do something else?
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