I 'skimmed' some 'cream' off the equities in my 401k today, specifically from my Mid-Cap fund, and dumped it into cash. A year ago I was much closer to my desired 60/40, equities to cash, split but since then the markets have done so well that my equities were up to better than 67% of my total 401k (note that my monthly 'new money' contributions are going into equities only). Now this single transfer will not move the needle much, but I've got my eye on a couple of other funds which are approaching the 'ceilings' I've imposed on them, one's a Big-Cap fund and the other is a longer term 'Life-Cycle' fund which has been doing very well recently.
Since I'm now officially INSIDE of my self-imposed 'one year until I retire' window, I'm trying to make sure that I lock in as much as I can without missing out on too much of what I think is going to be another good year for equities. Besides, my wife's 401k, which is admittedly MUCH smaller than mine (about 16% the size), is virtually 100% in equities.
OCU
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