Redistributing 60/40 to 70/30 mix question

Hello,

I posted something in another forum and someone helpful there, but I thought I should maybe post it here too. I am 58 and have like 200K saved ( following my divorce, lucky for that, but I have no debt, at least). I make about $65k a year. It is divided as follows:

  1. Traditional IRA - Fidelity FXIFX Target date 2030 60/40 split $90K

2 HYSA Wealthfront 5.5% - $85K

3 401k at work Vanguard Target date 2030 index fund -$25K

I want to change the 60/40 mix overall to a 70/30 mix . If I exchange it to a target date 2035, it will be 74 percent equity but only 40 percent domestic equity (rest is international, and I wanted a little less international).

I know people love FXAIX on here, and it was suggested to maybe add that into the fold.

What would be the best move for me? Adding FXAIX from the HYSA? Or exchanging some of FXIFX for FXAIX? Maybe altering the 401k work portfolio through Vanguard?

Obviously, I have "analysis paralysis" at this point, so help is appreciated!

Posted May 10, 2024, 6:53 PM UTC

10
Loading comments…