30M, inherited $475,000 in a Traditional IRA that needs to be emptied in 10 years. I intend to withdraw annually.
I’m confident in my plan for how much to determine my annual withdrawal, and what to do with the money once it’s withdrawn, but I am seeking advice on how to invest the IRA funds during the 10 years. I follow the Boglehead method but don’t currently hold many bonds. I’d like to protect this money from major market fluctuation and with the shortened investment timeline and need to withdraw I’d assume I should treat this as I would my portfolio in retirement, but my familiarity with bond funds is limited and I’m interested in the community’s recommended approach.
My current plan to start:
50%: VT
20%: SGOV
30%: BND or similar
What are your thoughts on this allocation? What other bond funds should I consider? Should i just chuck it all in VT instead and skip withdrawals if there’s a down year?
If it matters, current financial info (excluding inherited IRA):
Current combined income: $268K
Net Worth: $413,000
401k: $110K
Wife 401a: $56K
Spouse 457b: $68K
Roth IRA’s: $67K
HSAs: $37K
HYSA: $50K
Brokerage: $25K