If you include the 4% foreign bonds, then the bond allocation is 60% for the fund.

OK, so since I can't say I will never withdraw from a brokerage CD, I will transfer them from the 401k to a Bank IRA.
Nothing against your advisor, and this may well have been discussed, but if it was not... This point is a cornerstone of CD ownership that a client should have learned in even ONE fee-based hour.
EDIT: I've bought plenty of Secondary Issue CP CDs for Discounts. I hope to never be in a position to have to TRY to sell one, unless of course for a Premium!
I will make sure all CD are call protected
CP is a CD ladder holders friend.
I don't quite understand the 3 month to 1 year rates holding up better and building the far end of the ladder. With the info I've given can you show me how that would look?
All comments here are about brokerage, CP CDs. Bank CP CD data may/will vary.
Up to one year rates are not very far down from their respective peaks and still at/above 5%. To wit, 3-month rates peaked around 5.50% and are still at 5.35%. On the far end, 5-yr rates peaked around 5.05% but are now DOWN to 4.40%. They are consistently dropping 0.05% and their Available Quantities are significantly DOWN. (FWIW, I've been pointing this up for months on these threads.)
Same for the next line - not sure what current BUYs on farthest end of ladders.
Farthest end of the ladder for this discussion is 5 years, or IF you plan to go out further, 10 years. To wit, the "short end of the curve" is the % closest to ZERO.
I think I understand not bothering the Jan and March BUY's - wait until a couple of weeks before they expire to decide as it's a guessing game until then.
Don't bother with the specifics until then. We have only educated guesses as to what respective rates and quantities will be available then. With interest rates, I always try to deal with what we know NOW. We know the current rates, available quantities and the current trend(s). We did have that period over the past coupla years where we were reasonably certain the Fed was going to raise rates. We're still in the guessing stage on what happens next and when.
I don't understand the last paragraph. I currently have a one year no penalty CD and a another one penalty CD for the amounts shown. Not sure how to make them non-taxable.
Seems to be a misunderstanding on this. I did NOT suggest anything in your txbl a/c could be made non-txbl. Suggest re-reading what I posted and quote the line(s) you don't understand.
Can you modify my plan above to show me what you would do it.
Hmm...I've kinda put a wee bit of effort in here already, no? If you re-read my post and factor in these responses, you should be able to do that. Seems kinda clear to me, no?
I realize you are not giving me advice - it's only an example. I know you don't know all of the facts. Are you an advisor (just curious). Thanks in advance!
You're welcome. No, not an advisor. Life-time bean counter, governmental and private audit manager. Grew up as many did wanting to "be able to live off the interest." Life-long manager of portfolios of several, never-paying* friends and relatives. Owned CD ladders for ~15 years.
* = And I have never asked them!

T Rowe Price has posted more information about PRCFX on its website. Although detailed holdings are not yet available, the asset allocation is posted. Currently, it’s holding 51% in domestic bonds, 40% in domestic stocks, 5% cash, 4% foreign bonds and less than 1% in foreign stocks. Dividends will be paid monthly and capital gains annually.

Isn't it possible that these choices are the best of the bunch given Browns investing strategy and practices? I sure don't know so maybe you could fill us all in. I don't see anything on their website where they claim to be perfect in their execution of same. They just claim that they strive to be responsible.