The right mutual fund for me?
I am 78 years old, , and have a pension and social security. I am invested in Vanguard Wellesley fund, which has approximately 65% bonds, and 35% Stocks. Is this a good balance with the upcoming instability in the 2023 market?
Thank you
P.s. love listening to you on the radio
Terry Says
The answer depends on so much more — for instance, is that ALL your money? Do you have some savings on the side? Is this account inside an IRA? What are your expenses? And do you need this money to live on?
You really need a talk with a Fee-Only FIDUCIARY financial planner. Please read this link. You may only need one meeting, but someone should look over your entire financial picture — someone you can trust and who is not trying to sell you anything!
