Advice on Rebalancing or Restructuring Portfolios

MINE

Cash 16.4%

FBALX. Fidelity Balanced 15.3%

FSPSX Fid International Index. 12.7%

VWINX Vang Wellesley Income 12.3%

FXAIX. Fid S&P 500 10.6%

VTSAX. Vang Total Stock Index. 8%

FBND. Fid Total Bond ETF 8%

PONAX Pimco Income Fund CLA. 7.4%

SCHD. Schwab US Div ETF. 5.3%

US Treas Bills 3%%

lAUM. IShares Gold 1.2%

SGOV. Shares Tr 0-3 Mnth Treas. 0.2%|

WIFE

FBALX 41%

FXAIX 23%

VWINX 12%

FLPSX (Low Price). 10%

VYM 10%

SCHD 1%

SPAXX 1%

The portfolio at the top is mine (husband, 82 yo); generous monthly retirement benefit from CalSTRS (California State Teachers Retirement System) and a small SocialSecurity income.

Portfolio below is wife's (67) with an about-average Soc Sec payment.

Except for yearly RMDs I don't withdraw from these accounts.

I realize my account is somewhat aggressive for my age and have pared back some of my FXAIX but would appreciate any insight into what I could do to make less so but still earn some $$$.

My wife worries (don't they all?!) about about a crash but I feel she is still young enough to recoup any losses considering her age.

I have looked at FSANX and/or FASMX for my account but have not made any moves as yet. I think they call it "paralysis by analysis".

Any suggestions/critiques/inoput would be greatly appreciated.

Thank you!!