A majority of the advisors posting here are bound by a FINRA rule that is used frequently against them in legal proceedings: Know your client. The only fact we have here about you is your age. That doesn't begin to disclose the information needed to answer your question. As an example, what do you define as "risk"? Is losing money a risk? Is not being able to maintain the lifestyle you want in retirement a risk? Lacking answers to just one of these examples skews any valid advice we can give. As I see it, your first step is to get your legal affairs in order if they haven't been reviewed in the last two years. Find an attorney who specializes in estate work and have a review done, including durable powers of attorney, do not resuscitate instructions and any will or trust work that needs to be completed. One point a good advisor needs to know is the mix of assets you have in taxable and non-taxable accounts. Assets in a trust may be invested differently than assets in an IRA. While the legal work is being completed, find a fee based financial advisor who can explore your current situation with you and find out what you envision retirement to be. A good fact finding interview should take an hour to an hour and a half. You'll need copies ox tax returns, insurance policies and a complete asset inventory to answer the questions that should be posed to you by your professional. With proper preparation, your retirement is yours to enjoy. Enjoy it!!
Nobody should give you individualized advice
on a forum like this without first understanding a great deal more about what’s
important to you, your anticipated retirement and spending needs, your assets
and income streams, spouse or significant other in the picture, and so on.
Since you’re on the doorstep of
retirement, I encourage you to hire a (genuine) financial planner to review
your entire financial picture, identify any potential blind spots, help you map
out your retirement, and offer actionable advice that’s tailored to you
(including “best allocation” for you at
Find a planner who’ll objectively work
for you as client rather than one who makes their money by selling you financial
products. These are generally referred to as “fee-only” financial planners.
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