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Can anyone suggest proper portfolio allocation for a 58-year-old retired FIT with about $600,000 to invest. It's currently with an advisor who charges 1.25% and has averaged about 21% gain after 1994. I take about
$20,000 annually from earnings.

I think you can do much better on your own.

IMHO - I would take $100,000 and layer it in CDs and MM accounts. 5 years at $20,000 each. The remaining $500,000 could be split 60% in Value Model RP4, 40% Growth Models like Cash King (5 stocks) and Keystone 5. This would only be a 14 stock portfolio and may be riskier than you would like.

BTW - What is a retired FIT ?


.02 for SOS
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