The appropriate mix of investments is a product of balancing four key considerations:
Your Objective - In this case, retirement. How much portfolio wealth do you anticipate needing to fund the windfall between your spending needs and your expected income sources (like Social Security). When do you anticipate needing it (i.e. when will you retire)?
Your Risk Capacity - How much risk can you afford to take? Do you have any other non-retirement assets that could help fund this objective?
Your Risk Tolerance - How well do you deal with your account values fluctuating? Do you panic when markets become volatile?
This Investment Landscape - Is your objective a realistic one that can be achieved through an investment strategy in today's environment.
All of this said, if you're planning to retire in your 60s then you presumably still have some time to be invested fairly aggressively in stocks. Also, if you're still actively contributing to your retirement then you may be able to take a more aggressive approach with your contribution dollars due to the inherent embedded risk management technique of dollar cost averaging.
You're probably looking for specific guidance here on what % you should have in stocks, but most prudent fiduciary advisors realize that invesment recommendations shouldn't be given prior to performing a substantive suitability analysis. I'd provide more insight if I knew more about your situation.
All the best,
Adam C. Harding, CFP®
For informational purposes only. Not to be considered investment advice.
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