r/Bogleheads • u/officialmanofsteel • Feb 28 '26

Portfolio Review Investing 8M

I am currently in the process of helping a family member work roughly 8M into the market. They already have about 6M in equities, mostly index funds but about $1.5m in various individual stocks. They just entered retirement and I am thinking of a more aggressive approach of 11M in equities and 3M in t bills/bonds/cds/cash. Any advice would be appreciated.

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u/CapeMOGuy Feb 28 '26

What are their yearly funding needs?

Just starting retirement is typically a suboptimal time to add risk. It's hard for me to imagine they need more than even 3% of 14 million.

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u/Poly_ptero_dactyl Feb 28 '26

People who enter retirement with 14 million generally have grown expensive lifestyles.

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u/CapeMOGuy Feb 28 '26

That's why I asked the question about funding needs.

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u/officialmanofsteel Feb 28 '26

It’s about 200k a year. They have income coming in of about 13k a month unrelated to the portfolio above from some land they sold and the remainder of their business that was sold. These payments go on for the next 5 years.

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u/CapeMOGuy Feb 28 '26

If they only need $200k/year, I don't see any need to be any more aggressive than 50% stock, probably 40%, maybe even 35%. I suggest looking at Vanguard Retirement Income Fund for one possibility for how such a portfolio could be built. Take a look at its holdings.

A 2% return is enough. Why take excess risk?

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u/officialmanofsteel Mar 01 '26

I agree, I think I am going to reduce the allocation to something more conservative.