Financial advice regarding approaching retirement
Mother is approaching retirement (in about 4 years). Has about ~300-400K in cash that has been in a Fidelity money market account apart from several retirement accounts that are invested in stocks/mututal funds. Looking now to invest the cash.
No big expenditures coming up and looking for somewhat easy to follow options.
Questions:
I've been reading about the 60/40 rule of stocks/bonds for retirement. Was thinking 60% FKSAX and 40% some bond fund but there are a bunch of Fidelity bond funds and I have had a difficult time deciphering which one would be better for her. Any thoughts?
Also wondering regarding timing of purchase. Given lowering of interest rates and current economical prospect, not sure if it would be better to buy the funds all at once or a certain amount over some amount of time.
Thank you!