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Author: rclyde One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: allocation decisions Date: 6/4/2001 1:41 PM
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Okay, you have $500,000 to invest (Tax deferred from 401k) and your 66 years old. Other assets including stocks, mutual funds, money markets and CD's are sufficient to provide any shortage in living expenses for the next five years.

Currently have IRA with Vanguard ($70,000), should these new funds be rolled into this IRA or should one set up a new IRA?

With social security and income from private investment, my current budget shows a possible short-fall of $3,000 to $5,000 per year, which can be easily covered by the taxable accounts, mainly the CD's and any interest income or dividends from stocks. Therefore, I can leave the money untouched for five years, except sometime after four years I will have to start minimuim withdrawls (at 70 1/2 years.)

Okay, all you gurus put me on easy street in five years? Where and how should I invest the money? Should I stay with Vanguard? What mix of stocks, bonds, mutual funds, etc should I try to maintain?

Most financial planners say one should have foreign exposure in one's portfolio? With a S & P 500 index fund or a total market fund wouldn't one already have foreign exposure in the big corporations, such as GE, XOM, etc?

Let's light up the board with suggestions, and then all make my decisions, which I have already spent hours researching. With your input, I'll take a new look decide and post a summary here on the Retired Fools board. (I wonder if I'm a true Fool or a true fool!)

Happy trails ...rclyde
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