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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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