No. of Recommendations: 0
"You need to check on how much is in stocks and how much is in bonds right now".

Of the $800,000 (all of the money the bank manages for her) 55% is stock funds and 45% bond funds. I don't think she'd be able to keep up with inflation if she went a lot lower in the percentage of stocks.

"There isn’t any magic number but for each fund you should be able to write down why your are buying it"

I suggested the particular types of funds because the were recommended in Money Magazine and books like "Mutual Funds for Dummies", and by people like Jane Bryant Quinn.

"Putting the majority of the money in something like the Vanguard Target Retirment Income Fund would cover a lot of diversification"

I'm not sure I trust those target funds. I've heard some did worse than average in the financial crisis. I think it might be better to have more control of the portfolio.
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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.