I'm a 66 year old newly retired (03/2014) ex computer programmer(AS400). I have been dabbling in the market for the last 15 years or so, and consider myself as still an amateur, but a serious one. Anticipating retirement, I have been focusing on dividend paying stocks these past few years. In the past I made some moneys picking stocks but never really mastered the concepts of "what to buy" and "when to sell". I find myself much more comfortable pursuing dividends than a growth in stock price. Right now I am living on a combination of my SS, a $700 month pension from the Wisconsin State Retirement Fund, and some withdrawals from a couple of smallish 457 plans I invested in when working for municipal government (before my last job which was in private industry). These 457s should exhaust themselves around the time that I am 70 1/2 at which point I will start utilizing my primary 401k which I have been funding these past 15 years. Recently I moved my company 401k fund from BMO Harris to a self-directed IRA with Scottrade. As of this point, it is just sitting there uninvested. I had planned on putting it all in some low-fee ETFs, but with the market at all-time highs am unsure if this is a good time to buy things when stocks, in general, are at their highest price.