Want to be on the right track for Retirement
I feel more anxious day by day as I am three years out to retirement. I feel like a headless chicken, not sure where I should go with the portfolios. I know my portfolios are too risky and I am concerned about the market and I properly not make the money work as hard as it should either. I also worry about being hit by a big tax bill. I need help from all your wise and savy planners. Here is the big picture of my finance:
60F, total net assets are around $2M: DC 457 $1.3M, Fidelity +Schwab $640K, Annuity $72K, Treasury $11K. The current allocation is 44% in US stocks, 17% in Intl Stocks, 17% US bonds, 0.34% Intl Bonds and 18% Cash (Stable Value, Money Market, cash etc.). Among all the accounts, only $110K is in Roth. I am not very knowledgeable about investing and mostly just throw the darts in the dark. I do know two things: diversification and consistently savings. I had a financial advisor in charge of the Fidelity account for a year, they invested ETFs. I am looking for a new one who charges less fees.
I am eligible to cash out my DC457 (B). My pension would be $57K per year at 63yr and SS payment would be $44K at 67yr. Single, no dependents if that helps. Thanks for any input.