I have an inherited IRA, which includes compulsory distributions, and I need to figure out which Vanguard index fund to put it in. I am normally a bit on the risk-averse side, though I've been taking more financial risks recently.
Rough stats:
age 58, not looking to FIRE but want to optimize finances
annual income $70,000-$95,000 (depends on many variables); of that I save a minimum of $24,000
House valued at $330,000, remaining mortgage is $95,000 at 3%, 12 years to go, payment $650 per month
Social Security will be around $2000 per month
My total assets are around $1,100,000 plus the house. At the moment 20% is in CDs paying 2%, 10% is in dividend-paying individual stocks, and 70% is in stock index funds.
I'm not interested in shifting any of that around. The question is what to do with an inherited IRA of $150,000, which I want to put in a Vanguard index fund. Ideally some balance of stocks and bonds in the same fund, but the funds I've been looking at seem to come under a lot of criticism.
What fund would you go for? Thoughts?