TIPS
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I have put quite a bit of my PreTax into TIPS and recently bought some STRIPS for the very first time. Once you have your basic covered with Fixed Income you can take more risk. I don't think there is anything wrong. And I don't think anything wrong with changing AA over time either.

I'm looking for a sanity check on my inherited IRA drawdown strategy.
Inherited an IRA earlier this year. The original owner had already started RMDs, so I owe annual RMDs in years 1–9 plus a mandatory full payout by year 10. Account is currently all equities.
My plan is to shift it entirely to bonds because:
1. it rebalances my overall portfolio without touching other accounts
1. Bond income is taxed as ordinary income either way, so it belongs in a tax-deferred account while my equities elsewhere keep LTCG/qualified-dividend treatment or grow tax-free in a Roth
1. any growth here eventually becomes ordinary income anyway, so I'd rather not let equity-level gains pile up before being forced to withdraw them.
I'll build a bond ladder for years 1–4 using [iShares iBonds ETFs](https://www.ishares.com/us/strategies/bond-etfs/build-better-bond-ladders) (each rung 50% UST, 50% TIPS) sized to deliver a predictable yearly withdrawal. For the balance, I'll hold BND, then each year sell a slice of BND and add the next rung, so later purchases reflect future intermediate-ish rates, not just locking in today's rate for the whole ladder.
Each year I plan on withdrawing the bond rung that matures, always above the RMD floor, to avoid a big forced lump sum in year 10. I can potentially withdraw more or less if I have a year of surprisingly high or low income.
I will withdraw into my taxable brokerage and either buy equities and offsetting bonds in my 401k, or buying bonds in my taxable (either munis or not, depending on the tax/return tradeoff)
Is this overly complicated? I could just buy BND and sell a (1/years left)% slice of it every year, or build a 10 year ladder now.
Any other thoughts or critiques?

It would be exceedingly odd for a plan to allow the buying of individual STRIPS and not TIPS. STRIPS are really uncommon investments for individuals.
Buying individual bonds overall is almost unheard of in 401K plans

Maybe ask the contact because I don't think what you are saying makes sense. If you have an account where you can invest in strips or zero treasury bonds, I think you should be able to invest in TIPS. I don't know of any account type that would block out TIPS specifically. It's possible you're mis-communicating your options here though.

Major corrections are basically normal.
Anyone afraid of a major correction should redirect their energy: the #1 thing to be afraid of is selling equities at the bottom.
If you feel like that's going to be you, figure out how to block yourself from doing that; if you simply cannot, then yes make yourself a plan that involves working longer and owning more bonds/tips/bills instead of equities.
But specifically, you stating that you have 700k and assuming you are American, since your age is 6-10 years from drawing social security idk why you would not be able to retire already. In golf terms, if you are in the clubhouse you have a decent score posted on the board. So pulling from equities in fear of a crash is a mathematical mistake (as others have pointed out), but if you do this then take some of your time to learn about TIPS and allocate accordingly so you don't get hosed by inflation.

That doesn't explain it as high inflation expectations. The spread between nominal Treasuries and TIPS shows that breakeven inflation hasn't risen nearly enough to explain the increase in nominal yields. Most of the move has been in real yields, with term premium and tighter financial conditions potentially contributing as well.

If you are using Schwab as a brokerage you go to Trade -> Bonds -> Advanced Search. Then select Bond Type = Treasuries and check the box for Include Only Treasury Inflation-Protected Securities (TIPS), click the green View Search Results button, and it shows all of the TIPS available to buy.
If you are using some other brokerage, good luck.

How do you explain the low breakeven inflation on TIPS while claiming the market is expecting higher inflation?

No I just was saying that if inflation stays around where it is now. TIPS if inflation goes crazy.

RSP won't hedge against a market meltdown. However, I have the humility to know that I can't know if the big correction is coming in a day or in two years. So, I maintain an allocation that still has 30% stock. If I include RSP instead of SPY I can still participate in any run up but when the correction comes I won't take nearly the hit that I'd take if a third of my large cap allocation was in the big tech companies.
My big hedge against a meltdown in the stock market is that I allocated a huge percentage of my portfolio to TIPS. It has been a horrible strategy lately but I'm happy knowing that I have an income stream that I can count on.

TIPS

> TIPS provide 3.3% after inflation.
What’s it return before inflation? Taxes are on the before inflation returns. In the end it should be better than 1.4, but likely still in the 2% range.

TIPS at 4% real would allow for the 25x 4% rule retirement with no equity risk. I’m keeping my duration short and not trying to time this falling knife.

>That means the market is fundamentally pricing in higher inflation expectations
The TIPS yield tells exactly the opposite story.

I have put quite a bit of my PreTax into TIPS and recently bought some STRIPS for the very first time. Once you have your basic covered with Fixed Income you can take more risk. I don't think there is anything wrong. And I don't think anything wrong with changing AA over time either.

I'm looking for a sanity check on my inherited IRA drawdown strategy.
Inherited an IRA earlier this year. The original owner had already started RMDs, so I owe annual RMDs in years 1–9 plus a mandatory full payout by year 10. Account is currently all equities.
My plan is to shift it entirely to bonds because:
1. it rebalances my overall portfolio without touching other accounts
1. Bond income is taxed as ordinary income either way, so it belongs in a tax-deferred account while my equities elsewhere keep LTCG/qualified-dividend treatment or grow tax-free in a Roth
1. any growth here eventually becomes ordinary income anyway, so I'd rather not let equity-level gains pile up before being forced to withdraw them.
I'll build a bond ladder for years 1–4 using [iShares iBonds ETFs](https://www.ishares.com/us/strategies/bond-etfs/build-better-bond-ladders) (each rung 50% UST, 50% TIPS) sized to deliver a predictable yearly withdrawal. For the balance, I'll hold BND, then each year sell a slice of BND and add the next rung, so later purchases reflect future intermediate-ish rates, not just locking in today's rate for the whole ladder.
Each year I plan on withdrawing the bond rung that matures, always above the RMD floor, to avoid a big forced lump sum in year 10. I can potentially withdraw more or less if I have a year of surprisingly high or low income.
I will withdraw into my taxable brokerage and either buy equities and offsetting bonds in my 401k, or buying bonds in my taxable (either munis or not, depending on the tax/return tradeoff)
Is this overly complicated? I could just buy BND and sell a (1/years left)% slice of it every year, or build a 10 year ladder now.
Any other thoughts or critiques?

It would be exceedingly odd for a plan to allow the buying of individual STRIPS and not TIPS. STRIPS are really uncommon investments for individuals.
Buying individual bonds overall is almost unheard of in 401K plans

Maybe ask the contact because I don't think what you are saying makes sense. If you have an account where you can invest in strips or zero treasury bonds, I think you should be able to invest in TIPS. I don't know of any account type that would block out TIPS specifically. It's possible you're mis-communicating your options here though.

Major corrections are basically normal.
Anyone afraid of a major correction should redirect their energy: the #1 thing to be afraid of is selling equities at the bottom.
If you feel like that's going to be you, figure out how to block yourself from doing that; if you simply cannot, then yes make yourself a plan that involves working longer and owning more bonds/tips/bills instead of equities.
But specifically, you stating that you have 700k and assuming you are American, since your age is 6-10 years from drawing social security idk why you would not be able to retire already. In golf terms, if you are in the clubhouse you have a decent score posted on the board. So pulling from equities in fear of a crash is a mathematical mistake (as others have pointed out), but if you do this then take some of your time to learn about TIPS and allocate accordingly so you don't get hosed by inflation.

That doesn't explain it as high inflation expectations. The spread between nominal Treasuries and TIPS shows that breakeven inflation hasn't risen nearly enough to explain the increase in nominal yields. Most of the move has been in real yields, with term premium and tighter financial conditions potentially contributing as well.