I charted three approaches:
100% VWINX (larryB Portfolio)
90% / 10% VFINX / VFSTX (Bufffet Portfolio)
100% PRWCX (Moderate Allocation Fund)
If we are at high valuations VWINX would provide the best downside protection, but over the long term not the best choice for capital appreciation.
I tend to like the historical performance of a fund like PRWCX. Historical performance doesn't repeat , but I tend to think it rhymes.
1988 -2022 (starting with $100K and a 4% WD rate):

200-2022 (from Tech High) (starting with $100K and a 4% WD rate):

PV FAQs cover lots of topics,
https://www.portfoliovisualizer.com/faq
It may be more useful to ask specific questions on PV usage.
The MOST attractive feature of PV, for me, is that it is the only FREE tool (as far as I know) that will calculate PORTFOLIO stats (SD, beta, alpha, correlation, Sharpe Ratio, Sortino Ratio, Drawdowns, ER, rolling-returns).
Limitations are that most PV results are based on MONTHLY data (daily or weekly data can provide more refined results), the US stock market is used as reference for the MPT stats (and that may not be appropriate for all situations), subscription is required to save portfolios on the website but one can save portfolios on the PC and use "UPLOAD Portfolio" feature to upload up to 3 portfolios, data go back to 1985, PV runs are limited by the portfolio component with the shortest HISTORY (so, a substitute is required for longer runs).

@hank said:

I think your thinking in terms of late life portfolio positioning

@WarrenBuffet said:

“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers”.

warren-buffets-instructions-for-wifes-inheritance

Apparently images are not supported on this site. It was to show that TRP has no 1099's for my account (for 2021, or any other year). Yeah, I feel like this is beating a dead horse! I sent them one final message:
Even though you claim to support 7 years of tax forms and statements, I cannot view ANY 1099's (including 2021), and viewable statements end on 7/31/20. I received my 2021 1099-D in the mail last week. What is going on at TRP? I'm beginning to worry about the safety of my investment with you!

For the S&P sector ETFs, Stockscharts also has nice chart displays for 2-, 6- (shown in the link), 12- months. Some sectors peaked in Fall (XLC, XLI, XLY), but most others peaked around the yearend - except that the energy XLE is doing its own thing.
LINK

Pretty tough month!
All sectors down, some considerably, but one: energy.

+1 / Thanks yogi for the correction.

Getting complicated. The U.S. 10 year rate did a U-Turn this morning and bounced much higher after the European Central Bank alluded to worsening inflation and indicated rates might rise. . At last glance, the U.S. 10 year was at 1.83%, up from 1.77% last night.
(Thanks @Yogibearbull for the correction.)
Story re ECB
10-Yr Treasury Yield
Here’s a recent thread on RLSFX. I noticed at the time that it had roughly 3.5% in Meta Platforms.

Thought it worth resurrecting this thread on a day with Meta Platforms (previously Facebook) down more than 20%. (At 10:30 AM Bloomberg had it down 24% for the day.) The etf “META” doesn’t surface on Lipper (for me anyway) but M* shows it down about 19% YTD. That’s better than ARKK, which is still down over 25% YTD.
Story from Reuters

Wow. Who isn’t thinking about that? Depends so much on somebody’s situation. I tend to worry a lot. So I’ve long contemplated that the worst possible “1-2 punch” in retirement might be: (1) loose half or more of your invested assets in a market crash and than (2) get hit with very high inflation for the next decade. That’s not a prediction. Just a worst case scenario, Like I said, I worry a lot.
I’ve heard good things about Wellesley on the board over the years. It appears to be moderate risk with a beta according to Lipper of .38. I’d guess my own do-it-yourself portfolio (age 75) right now to have a beta somewhat lower than that - but have never attempted to measure it. At Lipper / Marketwatch, clicking on “Risk & Return” ” tab brings up a fund’s beta - one measure of volatility.
I think your thinking in terms of late life portfolio positioning is on the right track Larry. As far as the cognitive issues, it’s an area I can’t offer any insights on. I work out daily, eat a healthy diet, etc. etc.

Good morning : I went to place an order for above MF, UP popped !!
1. Purchase of this mutual fund is not approved for residents of your state.
First time I received that message

I think golub1 is correct. The only way to get there is to build your own. But it sure would be nice to have 1 well managed international balanced/allocation fund doing the work for you.
Still unbelievable to me that a 60:40 balanced type fund using international equity and international bonds exclusively doesn't exist. Seems like that would be something easy for Vanguard to market using their index funds. Would it ever match PRWCX? Oh I doubt it, unless that cloning Giroux thing hank mentioned pans out.
A few very good world or global funds mentioned in this thread seem to be the closest thing available.

Looking @ everyone's comments I think there are no single comparable International funds. I think though that a combination of at least 2 or 3 funds will be a better choice. PRWCX Equity holdings basically mirror those of a conservative large
Growth fund or Large Blend fund. The 30% non-equity holdings are very unlike typical 50 - 70 allocation funds. Per Morningstar as of 12/31, these 3 categories of non equities have the following Portfolio Weights.
Bank Loan 37.35%
Cash & Equivalents 37.34%
Corporate Bond 21.83%
While I feel comfortable selecting a large Blend International Fund like TROSX or MDILX, but not sure what single bond fund would be a match fund, and I don't think an International Bond fund is necessary. Therefore maybe a bank loan fund, cash and a Corp bond fund that invests in Low Quality Limited Sensitivity
to interest rates. Not sure about a Corporate Bond choice - just following the Morningstar description. Thanks for all your suggestions. Any suggestions for the multiple fund concept?

(Excerpt) The rally came as technology bellwethers Meta Platforms Inc. and Spotify Technology SA forecast slowing growth, adding to concerns that monetary policy tightening will hurt the global economy.“The main news this morning is Meta’s numbers falling short of estimates,” said Andrew Ticehurst, rates strategist at Nomura Holdings Inc. “This has given us a bit of risk off, with E-mini around 1% lower, the Aussie and kiwi a little softer and bond yields down a few basis points,” he said, referring to S&P 500 futures.Benchmark 10-year yields in Australia and New Zealand fell at least four basis points. Treasuries rallied across the curve, with the 10-year yield down one basis point to 1.76%. Japan’s benchmark held steady at 0.175% after touching a six-year high of 0.185% this week.
What’s interesting is that late Wednesday evening the futures markets are looking glum, with the NASDAQ off 2.25%. Asian markets lower as well. Hoping not a bad sign for Thursday. I also think the movement in bonds is interesting - especially if it carries over to the U.S. markets Thursday.. FWIW - I can’t see how the issues re the Ukraine can be helping matters any.
Bloomberg is quoting 1.76% on the 10 year late Wednesday. That’s very close to the 1.74% it reached last March, So the Fed can “huff and puff” all they want. Yes, they can push short term rates a lot higher. But if longer term rates (market driven) don’t cooperate they face a real dilemma ISTM.
https://finance.yahoo.com/news/global-bonds-rally-meta-growth-014605670.html
(Had better luck with this link not running my ad blocker. Not a lot of news at late night hour, so took what could find.)

Giroux co-managed PRWCX with Jeff Arricale in 2006, the pair succeeding Stephen Boesel. Prior to Bossel the fund had seen 2 prior managers. Arricale took a different position at Price the next year, leaving Giroux in charge at PRWCX, and then left the firm in 2010 embroiled in some type of personnel crisis (can’t recall the details).

Several international funds have APR's comparable or better than PRWCX over different timeframes. But there does not appear to be any fund with a combination of high R, comparable Sortino and APR. Looking at the data, it does not appear that these indicators are useful towards finding a PRWCX equivalent for international.
For example, below are some 15Y stats (Giroux has been running PRWCX since 2006 I think so 15Y is a good comparable stat)
OSMAX: 10.6
PRWCX: 10.3
MATFX: 10.3
FEAAX: 10.2

I am not having any of these problems with TRP. I got my 1099 in the mail, it is also easily found on the TRP website once I log in. The only time I needed to talk to them on the phone I was attended to quickly and the person I spoke to was well-informed, efficient, and on-point. Mind you, that was over a year ago. But the 1099s are now and there's no problem.

“It may be that there is no such animal as a good ex-US allocation fund because no single manager, playing the role of Mr Giroux, could cover all the bases, international investing being so complex.”
1. How many international developed markets have outpaced the U.S. since PRWCX opened in 1986?
2. What are the odds a manager would have successfully guessed which markets in advance?
As an owner of PRWCX since the mid 90s I’m always a bit mystified by its ability to draw assets. Recall old line about how “past performance does not guarantee future return.” (sacrilege I’m sure)
PRWCX itself is somewhat of a “moving target”, having evolved from a conservative mid-cap focused and less risky alternative for those investors who wanted something more tranquil than Price’s (much larger) most ubiquitous and highly successful fund, PRFDX, in those years. Without checking, I’m confident the average market cap of its holdings has increased steadily as the AUM has spiraled upwards.

Hmmm, our Form 1099 has been available on the TRP website since last week. We've also received a paper copy recently.