I'm 47 and thinking about making some retirement-plan changes. I would really appreciate some feedback.I have an old 401(k)and I'm thinking of direct-rolling it to a discount broker. That transaction would "sell" to cash. Since the market is so high, does it make sense to leave it as cash for a few months to see if a correction occurs? Or is it better to schedule automatic investments into positions now?I'm also considering how to allocate my assets. Here is one idea:Target Retirement Date Fund 63%Large Cap Fund 7%Mid Cap Fund 7%Small Cap Fund 7%Foreign Fund 7%REIT Fund 2%Bond Fund 7%Does this idea seem reasonable for someone my age?
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