SGOV
iShares® 0-3 Month Treasury Bond ETF
Mentions (24Hr)
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Reddit Posts
SGOV and TBIL, are there safe to invest as an alternative to Savings Accounts to preserve cash value and earn interest?
Offsetting Previous Losses While Continuing to Invest for the Future
Should I invest in treasury funds if no state income tax?
If I'm bullish on the future what's the point in holding VOO? Shouldn't I just get TQQQ and hold long term?
SGOV a good place to hold cash for liquidity?
Are SGOV or USFR still viable short term investing options for growing down payment?
Why do SGOV charts look like this and could the pattern be exploited?
Why does the graph of some bonds look like a sawtooth wave while others don't?
Treasury bills Vs. Money market Vs. CD’s Vs. SGOV Vs. HYSA Vs. Other alternatives. What’s the best way to park my short term cash?
Is it wise to use SGOV almost like a savings account?
SPX Gain. $SGOV & Rest time. Not trying to get caught in a technical bounce.
How to use T Bill ETFs as cash alternative inflation hedges? (SGOV, TFLO, USFR, etc.)
Taking a break from degening. Small PP gain. Hiding in $SGOV for the next 6 months until I can get my head back in the game
Why are the yields of NY muni money market funds so volatile?
What prevents dividend arbitrage with MFs like VMFXX?
Am I losing money to taxes in HYSA instead of treasury ETF/fund?
Beating directly holding S&P 500 by selling deep ITM puts?
Help me find a high yield ETF that I can sell/buy quickly
Parking Cash (Money Markets, Treasury Bills, Bond Funds, ETFs, etc.)
I'm going to break even soon, should i sell part of VTI and put it into SGOV?
Can someone explain the price move of short-term bond ETFs?
I am new to recurring investments. If I want to buy SGOV, does it matter what date I do it on?
Can buying/selling SGOV and USFR trigger a wash sale?
How do I find out the yield on $SGOV?
Options + Bonds ; brilliant original idea, or... boondoggle from hell?
Best Investment Without Actually Buying Treasuries? Am I wrong?
Are there any downsides to my plan to try to turn SGOV dividends into capital gains?
How will floating-rate treasury funds (USFR, TFLO) fare when interest rates start to fall?
Is there a way to make 4-5% with minimal risk without receiving dividends/interest? "Accumulating" SGOV?
If someone wants no regular pay outs but wants to avoid getting screwed by inflation with minimal risk, what do they do?
What is safer now for cash? Keep in Bank account (less than $250K) or T-Bills / SGOV / BIL?
How do fixed income instruments behave in case of a government shutdown?
Can someone help me understand the pros/cons of a bond ETF like SGOV in comparison to buying a treasury directly?
SGOV not reinvesting interest at a good price... Am I missing out on returns?
Are returns from treasury ETFs like SGOV and USFR state tax exempt just like regular treasuries ?
Let's talk about short-term debt securities...
What are some safe overnight bonds / ETFs that I can exit any day easily?
What are the different options for taking advantage of high interest rates?
I want a T-Bill. Are $VUSSX and $SGOV better options?
Table of Money Market Funds/ETF's or Ultra Short Term Funds/ETF's available on Merrill Edge
State Tax Exemptions on US Government Interest for Tax Return
Government Bond ETF - Taxes on Distributions?
T-bills: 3.29% apr for 3 month & is going up with rate hikes
Better Option than SGOV for collecting yield on leftover brokerage funds with near 0 rate risk?
Mentions
SGOV has such an obvious pattern. I’m gonna be rich!
This is a great point - the fundamental thesis that I have is that there will be crashes that are large and persistent enough to lift the short calls from underwater. Multi-year grind up and sharp rips leaving the calls underwater permanently, is a huge and unmeasurable risk. Additionally, given the speed for which the market recovered in the years since the pandemic, one really has to stop and think, is the "market always goes up, and any dip is an opportunity" narrative is a self-fulfilling prophecy that is here to stay. Also great point in large crashes, the SGOV may only be used as collateral, given the margin requirements from the short put positions.
i mean, if you keep it in a money market mutual fund, you can write a check against it. if you keep it in a short-term treasury etf like SGOV or BIL or BILS, you can sell enough shares on one day to raise whatever amount you need and then move the cash the next business day.
some would argue you are but those people are probably more risk averse and worse at controlling their emotions. FOMO dumping borrowed money into an overbought momentum market is not the same thing as borrowing cash at a decent apr, dropping it into SGOV or something that pays a small bit and waiting for a 27+ VIX to start averaging into an ETF and play the bounce while selling calls at your target exit price.
In theory this is “just” a structured way to be long SPY/QQQ and short vol, so it can work, but the two big gotchas are path risk and roll risk: a multi‑year grind up with sharp rips can leave your calls permanently underwater and force you to keep rolling for credits that don’t really make you whole, and a big crash can hit both sides at once if you’re leaning on margin and using SGOV as collateral instead of true cash. Over very long horizons the edge mostly comes from owning the indexes and sizing your short options small enough that you could tolerate both “calls buried in a face‑ripper rally” and “puts buried in a crash” without being forced to liquidate or roll into worse positions just to survive.
This is me, I got about $11k in small companies like rocketlab and archer but $280k in my 401k and $30k in SGOV. Thinking to keep adding to SGOV or more stock picks.
I prefer VTEB over SGOV for cash. VTEB is a short term muni bond-based fund, so no federal taxes on distributions. It pays an interest rate similar to SGOV. SGOV is taxable on the federal level, but exempt from state taxes. VTEB is exempt from federal taxes and partially exempt from state tax.
This. I have 12k, around 5% of my portfolio sitting in SGOV as a cash reserve, and didnt buy any of this last dip just because i was waiting for it to get deeper.
It’s too the point I feel like SGOV is even too risky
This but $BOXX which before expense ratio on certain days of the month will provide better yield than $SGOV and I don't have to worry about wash sales when moving cash in or out
You can just buy SGOV and have liquidity to boot :P.
Could you explain what money that is? My safety hedge in the money market and SGOV isn't sidelined and is not primed to FOMO into a market that is already overbought, so I'd like to hear your thoughts. There's a possibility I'm positioned wrong so I'm open to suggestions.
The average person should put it into the S&P500 (SPYM) and never touch it. Since that's you, that's what you should do. You should roll over the 401k immediately to an IRA. If you want to try to time a good entry, then let it sit in SGOV or SPAXX until you decide when to buy. I can promise you that you will lose money if you try to trade, especially in this political climate.
How long is your time frame? Will you need that money to buy another house? I would say if you plan to buy another house in the next 5 years you should put it in a high interest savings account or SGOV
Yuppp. Investing is more philosophical than anything. You gotta figure out: How much risk are you comfortable with, how much of your portfolio at that risk, what are your long term goals with this block of money, how soon do you need immediate access to the money, are you ok if xyz block drops 50% etc, and most importantly: how much time do you want to spend babysitting your investments (for me it’s daily during chaotic periods, I genuinely enjoy it). I fucked around with Tesla options with some “play money” and lost all of it. I only think of it when I talk about investing. I don’t even think I lost sleep on the days the options expired. I have a portion of my investments that I “rely” on being accessible within a few years and that block is in BRK.B and SGOV/bonds. The rest, I fuck around with to varying degrees. This works really well for me because my averaged returns on fuck around money is like ~60% annualized over 4 years but I wouldn’t have seen a drop of those gains if I was fucking around with the money I was emotionally attached to.
Yeah, like SGOV and a stock ETF
So you're 10% SGOV, 90% annuities...what are you doing in a stock subreddit?
Your cash position is losing $7.23/day in purchasing power if it’s not in a HYSA or SGOV though. I mean that with the most love possible.
SGOV and chill until big orange creates a new thing that shakes the market up and creates buying opportunities.
I don’t care what the market does, around 10% of my portfolio is in SGOV. I’m retired.
In so fucking depressed. My long term account is in SGOV right now. I’m missing out on all the gains while my cash is inflating away. What the fuck man
Oh wow, even SGOV is up a penny more than normal.
Consider a blend of defensive ETFs and SGOV, so you don’t get inflated away
Eh, I’m buying a house and have been slowly liquidating the past 8-9 months. Buying SGOV and high interest savings instead so I have plenty of capital for renovations and what not.
You're new to investing so I wouldn't just yolo it all. I would put the majority of it like 80% in something like SGOV. And 20% of it into what you're currently doing. Because as time goes on you're going to learn a lot more and change your strategy.
yeh putting it in SGOV is more liquid + 100% passive for like 3.75%... not sure i want to tie myself down and manage one more tenant just for a measly 1%. i feel like the stock market is better. if i double my money i'll probably buy a property like that even though it's sub optimal to diversify + product income
I day trade SGOV since it never goes down. Selling puts is a cheat code
I just thought of this... If I full port into SGOV my port will be green every day. Joy joy Did I just stumble upon a life hack?
I generally avoid hedged single legs calendarized on a cash-settled product like this idea. Because you force yourself to need to care about the liquidity at least twice (you can't have your delta fall out on the front expiration, so you must pay for an exit or another entry to rebalance) Tbh, unless you are actually trying to lock in the implied interest rates at these durations (mainly the longer one), in the money does not make sense here. The volatility exposure is readily available from the OTM puts (better liquidity), and the large debit (for the ITM long) can be achieved with liquid fixed income products. Different case if you are trading futures products, though. I would look at something like: sell 12 mo OTM put, buy 18 mo OTM put, buy a few $$$ SGOV or whatever (and probably not hedge rates). I know it's less intellectually interesting, but all those contracts are easier to manage with very similar or identical vol and rate exposure. In any case, I'd try to sell some downside vol to hedge against IV coming down and crushing the spread together. But that's a volatility opinion you didn't ask for, lol
If you do choose to DCA, consider keeping your cash inside SGOV on Schwab. It’s a US 3 month treasury yield fund that currently pays around 4%. It beats holding cash
Yeah, if its long term cap gains I take 20% and toss it in SGOV and if its short term I take 40% and toss it in SGOV. Then when the tax man comes I sell and pay from that.
I sold all my puts yesterday and gave up on trying to short and went full SGOV. Do with that information what you will
Just do what most of us do and that’s dollar cost avg. Or you can park it in SGOV pays as monthly dividend and when you want to invest in something else that pays more. Just sell SGOV to buy that something else.
Set aside the cash you’ll owe for tax. Put it in HYSA or SGOV. I suppose you can put it in a broad index like VOO too but you then count on no crashing, and if it does go up when you sell to pay tax you incur more tax.
Time in the market beats timing….you’ll always miss these rallies if you wait. But more importantly, you don’t want to be holding cash if you value its purchasing power. At least put it in SGOV so it’s not being inflated away.
1st pay off debt 2nd take 20% of what’s left and put it in HYSA or SGOV 3rd take 10% of the remainder in individual stocks 4th, dump the rest in 5 or six equal injections into VTI over the next few weeks/months depending on market conditions 5th watch rates like a hawk and refinance when you have the opportunity. DO NOT take any cash out when you refi.
My emergency fund is SGOV too but not my entire portfolio like some have said they moved into.
My Emergency fund is 100% SGOV. About a 12 month. I dip into it when market goes down. using sgov vs holding VTI ia dumb
lol @ those edgelords holding cash in SGOV
If it is, I’m nervous, It it isn’t I’m nervous. Either way SGOV don’t fail me now.
Just dollar cost AVG. or depending on how much you have in case place Cash Secured puts. For what you want to buy the stocks at until you get assigned. That way you receive some cash from the premiums you receive. If you don’t get assigned you can use the premiums to buy the shares with free money or just keep the cash. These are your 2 best options. 3rd is to buy SGOV. It pays a monthly dividend and the dollar value does not change. I think SGOV pays around $0.30 a share each month or close to it.
put it in the market, but if you wanna be a ber SGOV is the best you can ask for
Hey guys I have like 15k in cash on the side lines right now. Do you guys keep it in SGOV or what should I do
You can DCA back in if you're nervous about a crash. Put your money in 0-3 month treasury bill ETFs like SGOV while you DCA back in. They are less effected by interest rate fluctuations and you still earn around 4%. You shouldn't be investing in equities unless you plan to stay invested for 7 to 10 years. This gives the market time to recover in the event of a major downturn. No one can tell you which way the market is heading.
I know, just having fun. I may be a permabol, but in different things. Maybe tech, maybe utilities, chips... Sometimes bullish in SGOV :) Probably freak out and sell everything if I do that
I feel like we’re in the eye of a hurricane, and we’re going to start feeling the ramifications of the oil, fertilizer and helium shocks of the last 6 weeks in the next 2-4 weeks. I’m retired, reduced my equity exposure from 60 to 40%, happy to sit this one out in SGOV. I didn’t buy in at the bottom (so far, anyway), but I’m not going to be putting new funds in the market, I’m starting to take them out! I can handle missing out on a 10% gain easily, but a 20% loss would suck. My portfolio is up slightly since the war started, happy to watch (mostly) from the sidelines.
My Roth IRA is smaller so I bought the dip in March and am up 10% ytd, my big account I took profits in at the top this year and held SGOV through the dip out of fear and now the market is back to all time high. Just buy the fucking the dip ALWAYS
Forget those "business" ideas. It's obvious you could make 6% on that money by paying down the mortgage. You could put it into an S&P 500 index fund and PROBABLY double your money in 8 years. That's obviously not a guarantee, so keep that in mind. We could have a recession and you could actually be down, right at the time that you need the money. Typically the "VTI and chill" philosophy is valid for longer time frames, but is risky with only 8 years to work with. The safest route is SGOV which would only yield 3.5-4%, but is basically risk free. It's probably the best place to "stash cash" that you might need quickly, but earn a fair yield until then. It's also a great choice for your 6-12 month emergency fund.
I sold some but only to move it into SGOV for a house down payment in the next 2 or 3 years. Don’t want to have the value wiped 10% when it’s needed. Otherwise I wouldn’t sell any
Theres this weird media blackout over whats happening. Everything coming out is from the white houses lips. We arent seeing anything about israel saying their goal is regime change in Iran. We arent seeing anything about all the issues in SE asia an E asia with fuel shortages and all that. Seems shady as fuck, but what do I know, im a bear whos in all SGOV watching everyone make crazy returns buying overvalued stocks heading into an energy crisis.
At least this time I didn’t panic and move a bunch to HYSA and SGOV rather than staying the course
Another way is to put only 1/3rd into SPXL and the other 2/3rds in SGOV, which more or less will get you the market return on the entire portfolio while only putting 1/3rd at risk, plus the TBill rate on 2/3rds of it. Then, whenever the S&P 500 sells off 20%+, deploy extra cash into SPXL. It's a safer way to use SPXL.
u/G00gle26 See above. You'll need to sell $2k of SGOV. I haven't tried it.
I don’t understand why so many people, including yourself, can’t understand that different people have different risk tolerances and circumstances. If you’re a few years away from retirement and worried about capital preservation 100% SGOV is fine. If you’re unsure about your job or in between jobs, moving out of riskier investments is fine.
Donated $32 trying to buy puts EOD looking for a reversal and realized market only goes up so I’m back out as SGOV gang again
You're facing a sequence-of-returns risk when you're forced to sell in a low market. I keep a certain amount in near-cash like SGOV to get through any downturns but run the rest of my portfolio as before, mostly broad index ETF's. I don't try and time the ups and downs of the market.
My SGOV hoard is ready for better buying conditions
Doing anything, but back testing and revising and tweaking your strategy right now based on all of your previous trades and journaling is just putting you at risk. Sit in cash / SGOV and don’t fuck up your account in the meantime. Things are starting to turn, but a few days of green candles do not constitute a trend after the last seven months. The market is still 100% sideways at best.
Lump sum + regular periodic contributions (payday savings) has the greatest probability of maximum success. Lumping half and then averaging the rest (like on non-payday weeks) over like 6 months may reduce the psychological risk you’re hinting about. It’s fine to do this if that’s what it takes. It’s the second highest probability, and less fear factor. Just keep that spare money in a HYSA or a treasury bill ETF like SGOV (which is practically similar to a high yield savings account) so it’s not getting inflated away. Don’t bother trying to time the market, though. Just pick one, or a few, broadly diversified, non-thematic ETFs with low expense ratios and buy them every week or month, with the same amount of money if you can, and don’t even look at the price. Just buy however many shares you can get, and close the app. Index funds are great for this. Check out r/bogleheads. They’ve got low-heartburn investing figured out.
I keep buying tech stocks and SGOV with the money I make from selling Nvidia puts. I haven’t changed my strategy for a year.
I'd be lying if I said I wasn't considering selling all my SGOV to buy STRC
I’m 30% in SGOV, 30% SPX spread, 40% USO spread. If oil goes up, spx goes down I will sell oil and buy more spx. If spx goes up and oil down I will sell spx and buy more oil. If both go up I will make bank. If both go down I will sell sgov and buy both or either one.
I've kept buying, been slowly converting a small portion of SGOV over to VTI. I remember reading somewhere that missing the 10 biggest upswing days between 1980 and 2020 would reduce your overall portfolio performance by 40% or a crazy number like that. Made me realize that panic selling or sitting on the sidelines during turbulence might be the worst action.
Schwab doesn't sweep my fund like it should, but it does count $SGOV as cash for trading purposes.
Why? because I am only looking for the profit and not looking to be a long term investor in energy. I just want to get the pop, take the profits, and sell. My strategy is that I buy some to establish a position and if it goes down, I sell all and lose a little. If it goes up I keep buying then sell and take profits once it reaches the new line of resistance and move back to cash. In a normal market I would agree with you on VOO, but this is NOT a normal market. This is a pump and dump market being manipulated by Tweets. Looking at the year so far: VOO is down -.52% YTD MSFT is down -21.12% YTD GOOGL is up +1.06% YTD For me rotating in and out of energy, tech, and gold my portfolio is up +7.33% YTD as of today. I am waiting for VDE to either drop back to $138 or for news that the IRGC detained a tanker, then go back in on VDE, ride the wave, take profits, and move back to cash/SGOV. If things ever get back to semi-normal I will get back to boring Bogglehead investing but with the VIX (volatility) being high there is money to be made by shuffling around. So far YTD in my portfolio IAU 6% ITA 10.37% SCHD 11.24% VOO 3.96% MSFT -3.94% Also, I was crushing it with SMH which is still rocking, but had a Trailing Stop set too low and a morning dip got my SMH. :( I really want that ETF back at a discount. Oh well. Why Microsoft? Microsoft is flush with cash and I think they will be the tech comeback story of the year. I typically don't like to buy stocks, but I have a good feeling about them and their cloud services even with the AI CapEx burning money. I am not a genius and this could all just be luck but 7% makes me happy.
which guarantee income is 5.25%? I have SGOV and its only 4.5%
Half in SGOV half in SCHD is one option. SCHD gives you some market upside without \*as much downside risk. And SGOV gives you a good rate with 100% safety. This is assuming you will need the money in the next 1-3 years. If not 100% VOO and let it roll.
Just watch gold and oil futures. Oil goes up and gold goes down. Stock market goes down. Gold is up and oil is down the market well go up. Right now it’s best to DCA or if you’re unsure just buy SGOV. That way your cash is secured still make some money with the monthly dividends. This is when you buy and hold and not sell.
I’m hedging so hard after this rally. I’m gonna SGOV all over the place.
We win and we learn. SGOV gld and TLT the only acceptable bearish positions
The real problem with your statement (if you live in an income tax state) is you’re in a HYSA and not SGOV or SNSXX
I sold all my SNSXX and bought SGOV ($25k)
Don't ever sit on cash - rotate into defensive positions to derisk, rotate into aggressive positions when conditions are favorable. Cash is useless. You can put it in SGOV if you want to hold "cash" but aren't willing to dive into risky stocks.
If you ignore the past 5 weeks (not saying you should but just do this thought experiment with me) alot of these companies are still discounted from prewar price, which was already dipping a bit because of Capex-gate despite them all crushing earnings. So yes, i think this morning is still a good buying opportunity. Despite the huge gap up in premarket, 90% of the day’s volume still happens between the bells. I full ported my roths into MU yesterday but left my taxable brokerage balance sitting in SGOV. I am buying more today. Its busness as usual for now which is hard to switch back to after weeks of changing your thesis every 10 minutes based on tweets.
Did you not get the 'SGOV Exit' memo last week?
I exited market March 5th and hung out in SGOV, so it’s painful not catching the rebound - but at least I didn’t piss money away on puts. Every time I wanted to buy some I would’ve lost over the last two weeks.
What makes you think he agreed to this shit. Boy, put your money in $SGOV and let the grown ups enjoy this game.
You're probably better off buying VOO and not checking the app for a couple years rather than trying to trade this market. It's pretty far detached from fundamentals and macro conditions. The president can post whatever he wants, true or untrue, and whenever he wants. Equally good idea is just put your money in a CD or a treasuries fund like SGOV until the administration leaves office.
I sold at about our all time high Did some swing trading since the war started Up about 5% ytd Currently 100% in SGOV I'm honestly thinking of staying in SGOV the rest of the year, will get me close to +9% annual return from my equity trading plus SGOV dividends I have no confidence in this administration at this point
I sold everything 3/14. Moved into BWET, GLDM, and XOP. It popped but it was so volitive i couldn’t handle the swings, especially being full port. I sold a couple days later for a decent profit. Just been sitting in SGOV since 3/20. I’ll buy tonight if the deadline gets pushed but just normal stocks. Im not cut out for commodities futures haha.
A miracle coin flip landed just right to save your portfolio and is good timing to take a break. SGOV and chill from here for a bit
I'm in post-retirement and these are my fave bond ingredients suitable for the living expenses bucket. ||**Low Duration Bond Sleeve**||||**Sleeve Weight**|[**Std.Dev**](http://Std.Dev)|**Coupon**|**Fees**|**Duration**|**Rating**| |:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| |||||||||||| |Ultra Low Duration Treasury Bills 45day (100% AAA)||||SGOV||0.60%|4.18%|0.09%|0.13 yrs|AAA| |Ultra Low Duration Credit 1yr AA- (33% AAA 0% junk)||||PULS||0.83%|4.73%|0.15%|0.27 yrs|AA-| |Low Duration Treasury Notes 2yr (100% AAA)||||SCHO||2.03%|2.95%|0.03%|1.88 yrs|AAA| |Low Duration Govt/Credit 3yr AA (73% AAA 0% junk)||||BSV|72.35%|2.90%|3.34%|0.03%|2.60 yrs|AA| |Low Duration Junk Credit 4yr BB (0% AAA 100% junk)||||HYDW|27.65%|6.21%|5.60%|0.20%|2.80 yrs|BB| |GNMA Govt Mortgages 7yr (100% AAA)||||VMBS||6.85%|3.73%|0.03%|5.27 yrs|AAA| ||||||||||||
So I'm kind of thinking: 40% SGOV-- present through Year 2 of retirement (\~mid-2029) 35% JAAA -- Years 3-4 of retirement, reallocating to SGOV at Year 3 mark (\~2030) 25% VOO -- Years 4-6 of retirement, then reallocating to JAAA at Year 3 mark (2031) Years 6+ of retirement - Turn on SS and begin IRA withdrawals The initial SGOV bucket should last until mid-2030, so I'm being a little conservative with the reallocation timing. Could probably stretch the whole plan out by another year or 2 if I get half-decent returns on JAAA and VOO Does this general strategy make sense?
You could consider a Aaa-rated CLO (JAAA, PAAA, FAAA etc) for a higher yield than SGOV
JAAA or FBND for a little higher return for your year 2 year+ bucket. I might do a small bit of JBBB as well, but not too much. SGOV/HYSA for short term needs mixed with some CDs for 1+ year.
> If it matters, I'm in California and I understand SGOV is more tax-efficient than SPAXX If you are going to be living overseas, why maintain California residency and thus California income tax. Get residency in a tax friendly state.
You should do what you think is best, but the overvalued stuff is irrational market timing. An ETF aimed at beating inflation by 2-3% would be a catastropically bad investment... all risk, no possible meaningful return. If you want to give up this opportunity to make money with your money and instead \_save\_ your money as you bleed it into non-existence, then use a no-risk short term treasury money market or ETF like SGOV. But again I'd encourage you to buy at least one share of VOO just to see how it does over time, and see if you have made a good decision to save rather than invest or not.
Yeah, I would (and do) use SGOV over SPAXX for my emergency cash position. Much better expense ratio plus the state tax exemption.
Thanks again. I just received a portion of the cash so it's currently sitting in SPAXX. Does it make sense to buy SGOV immediately until I figure out a strategy? I already have an emergency fund, so no concerns about liquidity.
I'm thinking about 40% in HYSA+SGOV. Total cash is \~450k. That would be for now until retirement+2 years (so basically through \~end of 2030). What are some steady but lower-yield ETF's that might be appropriate for a 4-8 year horizon? FWIW, my risk tolerance is fairly high. I could live off just SS + 2% SWR from IRA as early as mid-2030, but looking to use the cash to optimize Roth conversions. Maybe TIPS for the next 20% and then SP500 ETF for the remaining 40% (which would get shifted into cash starting around 2032)