<prompt> Human: I know, I know, good problem to have. The basics: 401k contributions maxed out, both kids currently in grade school 529 college savings accounts well-funded, only debt is 30-year fixed mortgage 1400month, good, steady job with health insurance, both cars in good repair with plenty of miles left on them, live within our means, etc. etc. 90k in cash sitting in a savings account earning next to nothing which is to say, losing money due to inflation, which is probably at least 2x as much as I need in an emergency fund. Not eligible for any sort of IRA from what I can see from the income rules, so not many any? tax-advantaged options left. Ive always managed my own money, and am very skeptical of most financial advisors - not at all convinced theyre going to pay for themselves, so to speak. Im tempted to just plop 30-40k into a basic low-fee Vanguard 50-50 bond-stock fund and call it good. Is that too simplistic? Is there a better self-managed choice to keep it simple? I dont really have the time or inclination to actively manage a bunch of different investments. Am I at the point where an advisor is really going to be worth the timemoneyeffort? Thanks.Assistant: Im tempted to just plop 30-40k into a basic low-fee Vanguard 50-50 bond-stock fund and call it good. Is that too simplistic?Not really. You can just do a simple lazy portfolio Requires minimal effort, no need to pay someone. Human: Fair enough, thanks. Thats definitely where Im leaning.Assistant: Why would you want 50 bonds, are you about to retire? If you have 30 years, you would be missing out on incredible compound growth via stocks. As a young person, you do not want bonds 10 of your portfolio.Human: Retirement is probably 20 years out for me. I said 50 bonds because I dont know what I might need this cash for before then, so I want to keep it reasonably liquid. My 401k is mostly stocks, is doing fine, and barring a global meltdown should suffice for retirement.  <response>: If by liquid, you mean capital preservation, bond prices are very high right now, and if interest rates to up, you will take a big hit getting out of your bond position.Interest rates probably wont go up this year but the unprecedented liquidity will not go on forever. 