u/Critical-Jim321

I have been 100% in SWPPX for over 11 years now and was thinking of doing a 80/20 split SCHD/SWPPX going forward while reinvesting the dividends but was told I would be missing out on growth, but my understanding is the quarterly dividend payouts would make up for that by providing income without having to sell shares in the future. I also plan on divesting out of SWPPX into SCHD just before age 62. Any thoughts, input appreciated.

I'm 47 and have been 100% in SWPPX for over 11 years now (taxable account) Should I keep investing into SWPPX until retirement age (62 for me I have medical insurance and military retirement) then cash out and use the funds to buy SCHD at 62 and take the quarterly dividends, or should I just leave SWPPX alone and let it compound and start investing into SCHD now while reinvesting the dividends until then? I'm 50/50 on this any and all advice appreciated.