No. of Recommendations: 0
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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.