The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: texastumbleweed on July 18, 2017, 01:13:51 PM
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I posted earlier about selling At&T for my mom. She had half of her IRA in it, so I took the loss. So half of her IRA is about $125k. I'd like to now divide that up into a few ETF's. She has an account with fidelity, so I figured I'd put the bulk in IVV, but at her age mid 60s I wasn't sure what percentage to put in what. Also, the market has been doing so well, I know it is impossible to time the market, so should I just go ahead and get it in there or wait until a down day? Any thoughts?
Thanks so much.
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Based on her age you will want a more conservative, bond-focused allocation. The old wisdom is "your age in bonds." This, of course, varies from person to person but she should probably be somewhere in the 50-70% bonds range...
Here is a 40-60 3-fund portfolio built with Fidelity commission-free iShares ETFs:
ITOT - 27.5%
IXUS - 12.5%
AGG - 60%