I was recommended here by another poster and have been reading the site. So, I thought I would put this out there.
Currently paying all expenses out of savings.
Small pension at 61 that should pay 40% of expense budget
SS and pension at 62 or 63 should pay close to 100% of expense budget
40% of $ in IRA
60% of $ outside of IRA
Prefers income over capital gains.
Currently 100% in cash - yes I know - let's not go there.
What I'm considering:
50% of cash - Over the next 6 months or so average into a High Yield Bond Fund - FAGIX
Remaining 50% - after 6 months or so see what to do.
My concern is that if I"m thinking of doing this is, that we are at a top, and at the wrong time to get back in. I'm not into trading in and out of the markets or doing a lot of trading.
I had a good mix of Vanguard funds but got scared out of them.
High Yield Corp
Reit Index Fund
FTSE all world Ex Us
Mid Cap Value Indes
Small Cap Value
What would you recommend to invest in and when to do it?