Welcome to the Jill on Money Podcast. It is Thursday, October 8th and we are here to try to get you through on a day-to-day basis all the trials and tribulations of your

financial life. You may not be able to control a lot, but some of these things you can control,

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Okay, this is a question from Sherry who says we're in our mid-70s, we've got no debt, we own a home, we do not need additional income.

We're invested in several Vanguard funds that have done very well.

Most say we should be more conservative having more bonds.

I really like the market, but should we have some balanced funds?

We also have several CDs.

In fact, I have $66,000 in a checking account just waiting to be invested.

I know you'll give me good advice, thank you, Sherry. Well, Sherry, look, I think that it really depends. Do you need to draw this money in order to live your life?

In other words, are you drawing income from these accounts? How much money comes out of these accounts?

If you have a bunch of money and this money is essentially being invested for the

next generation and it really does not matter, then heck, you can

have as much risk as you want as you want.

But if you need some of this money, you may actually want to really be clear that you should lock down

some of the money into safer investments.

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