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Greetings, madcity len, and welcome.

<<My questions:
1) What do you think of the overall plan?
2) Is it wise rather than foolish to have $400 of the $600 in mutual funds?
3) Is it wise or foolish to even consider the Montag and Caldwell fund?
4) Should the $400 currently planned for the money market be better placed,
like a bond fund? If so, which one or ones?>>

Over in the AOL site Retirement Investing folder, I have discussed a similar approach at great length for the past two years or so. Your approach is similar to one I analyzed. I commend you for being so thoughtful, and for agreeing with my position without even knowing it. :-)

I, too, believe in a 5-year cushion of cash in retirement to help offset down market years. I'll keep one to two years in the money market and three or so in the short term bond. I will scorn managed mutual funds of all stripes due to their long term propensity to underperform the market. All of these are personal choices, as they are with you. You're the one that has to live with the results and that has to be comfortable with what you do. The same goes for me. Overall, though, I believe you have thought this issue through and have arrived at an imminently workable plan.

Regards.......Pixy
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