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Retirement Planning Question – Stocks

 

Q:  I am currently 100% in stocks; nearing retirement (age 67) and considering allocating 60/30/10 (stocks, bonds, international) in Vanguard index funds.

1. Is this a good time to enter a bond fund?

2. What would the advantage be in using a financial planner?

 

A:  Regarding your asset allocation, it is difficult for us to comment on this without knowing your situation more fully.  It is crucial to understand your time horizon, risk tolerance, income needs, return expectations, etc., to truly give you a gauge as to what your allocation should be.  In general, as you are nearing retirement, we believe that your portfolio should be allocated in a way to generate you a yield that you need to live on throughout retirement.

 

As an overall statement, we would suggest that bonds are not the best long-term investment at this time, however, this does not mean that investors should not have some allocation to them for income and risk diversification purposes.  The question again, is very personal and depends on each individual’s specific circumstances.

 

The advantage to using an advisor/planner would be to alleviate the investment responsibility from you and also gaining a partner to help with all financial matters including asset allocation, but also around other issues such as insurance, taxes, estate planning, etc.

 

Let us know how we can be of any further assistance.

 


 

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