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It's hard to say without knowing how much you have and where you have it now. My answer assumes most of it is tax-sheltered in an IRA.

If it were me (and it won't be long until it is) I would start with 70% in bond mutual funds (try Vanguard) and split that amount 50/50 between a short term bond fund and their total bond index fund. The other 30% throw into a money market with Vanguard.

Now watch the stock market. CNBC can be fun to watch and what else will you have to do? If the market takes a minor dive, like down 5% over the course of a week, throw 5% of your total money into a stock fund (Vanguard total market). If the market goes down another 5% put another 5% in until you have 30 to 40% of your dough in stock funds (start to diversify between funds the more you have, and get some international fund exposure). If the stock market has a big gain, again 5% in a couple of weeks - take some out of stocks.

Regarding bonds, bond funds are yielding about 4% or more lately, but if the Fed starts raising rates you need to get out of bond funds in a hurry. I don't think we will see that for months but you need to keep an eye on it - again watch CNBC. That Erin Burnette who is on in the morning is easy on the eyes so it's not exactly a chore.

The main thing is you can't sit back and let the market make money for you. Those days are gone. You need to take an active role in your investments especially in retirement. Good luck.

i would advice you to stay way from the stock market because it seems to suit those with time and money and a sound intellectual framework to invest. Many successful investors advice people getting along in years to invest less and less in the markets because as they age their ability to accurately judge the market dulls. Go for passive investments like index funds and good rock solid mutual funds. If you want stocks in your portfolio, stay only with blue chip companies and nothing else

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