401k
Hi, Terry. You’ve helped me in the past with my first RMD and rollover. I saw you on WGN tv this morning and that made me question my retirement funds status. I’m with Fidelity and still have my 401k with former employer. I retired in 10/2019. I’ve kept 80% of my funds in bonds and 20% in stock. You said this morning too much in bonds may not be advisable. I want to change my investments myself online. Fidelity wants to do a managed account but I’m wary of what fees may be. Is it too risky at my age (73) to reallocate more to stocks and less in bonds? Thanks, Terry!
Terry Says
I’d suggest you reallocate about 15% to a money market account, and another 10 percent from bonds (especially if you are in long-term bonds) to an equity-income fund. You can do that yourself!!
