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Well, my point was that bond FUNDS are a bad bet, no matter what the maturity, unless you are in a falling rate environment.

A couple of points of clarification. I am not big fan of bond funds either for reasons others have stated. The important point is with <$20,000 in IRA. You really don't need anywhere near the number of funds you have. Mutual funds provide diversification, haveing ten funds doesn't provide ten times the diversification. My portfolio is more than 10x Lethan but contains a fraction of the number of funds.

The money in your IRA invested in Strategic Partner isn't large enough that what you do is going to materially effect your retirement. For simplicity sake selling all Straegic partner funds and sticking it in the couch potato portfolio (i.e. 50% Vanguard Total Stock Market 50% Total Bond fund) may well be sub-optimal, but it can't be worse than it is currently invested. Don't sweat the details on this (which SP funds is good, CD ladder vs Bond fund etc.).

Instead concentrate your energies on fully understanding your options regarding the 180K in the annuity. That amount is large amount that it will affect the quality of your retirement. What to do with the annuity depends on the details of your annuity, which Lethan need to research and communicate. I have confidence that collective wisdom of the fools can help her pick the best options.
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