I (50) am looking to retire in about two years, so I'd like to get my portfolio (5.3M, 50% U.S. stock, 20% int'l stock, 30% U.S. bonds) ready for that, and looking to get some advice on what to move where.
I assume moving some U.S. stock to bonds, but I've already moved away from U.S. stocks in most of my tax-advantaged accounts. Do I just eat the capital gains in my taxable accounts to trade U.S. stocks for VTEB or BND? Trading my int'l position for bonds won't trigger capital gains tax but going all-in on U.S. seems risky (not to mention going 100% on bonds in tax-advantaged accounts seems like a mistake).
I'll also be contributing another 500k over the next couple years, I assume I should just shove all of that into bonds but advice would be welcome there as well. Maybe I should concentrate more on cash funds?
Taxable: 3.1M (80% U.S. stock, 10% int'l stock, 10% bonds)
Tax-deferred: 863k (100% bonds)
Roth: 1.3M (60% int'l stock, 40% bonds)
HYSE: 50k
(all positions are index funds, mostly VTI, VOO, VXUS, BND and VTEB)