If you can live well on 1.5 of your 2 pension checks, I myself would take option 2.
And congratulations on having an excellent financial situation near your retirement!
How to Convert Someone That Doesn't Want to Be Converted
tj wrote:I'd throw it all in Vanguard LifeStrategy Growth and call it a day.
ogd wrote:I continue to think that you are relying far too much on the past data when arguing that stock declines stop here and they don't go longer than this much. Fundamentally, stocks are value at risk and this is a gamble.
“Sixty-40 is sort of like Adam Smith’s ‘Invisible Hand,’” Ferri said. “We don’t know exactly why it works, it just always seems to work. In the end, when you look back over a 15-year period of time, it works.”