I'm considering the following scenario ...
Between my wife and I, our combined investment portfolio (403b x 2 + 457b x 2 + Roth IRA x 2 + Vanguard non-qualified + cash), is pretty darn close to allowing us to FIRE.
We have some cash set aside to bridge the gap between drawing down pre-tax accounts and accessing the money via a Roth IRA ladder.
I'm 46 and ready to leave my job any day/week/month now. My wife is 5 years younger than me, really likes her job, and gets paid well. So, it looks like I will RE and my wife will keep working for a few more years.
I have $65k in my 457b, invested 100% in VIIIX. Rate of return is ~20% since I opened the account in Dec 2016.
After our cash reserves, I consider my 457b to be the 2nd tier of money that we may need to tap into after I leave my job. It will really suck if we need this money soon after the market (inevitably) tanks.
It crossed my mind that it might make sense to move to bonds in my 457b .. maybe a fraction, but maybe 100%.
VWETX is the only Vanguard bond fund available in my plan. The other two options are "BlackRock US Debt Index Fd W" (no ticker) and FIGTX.
expense ratios:
VWETX 0.11%
BlackRock 0.05%
FIGTX 0.59%
What do you think? Feel free to deliver multiple face punches .. or shower me with kudos for my brilliant idea (!⸮!)