Will the SpaceX IPO Crash the Stock Market? (FQF)

This week in Five Question Friday (FQF): mega IPOs, sequence of returns risk, RMDs from a bonds-only IRA, Roth conversions after 59 1/2, and VT versus VTI plus VXUS.

Question 1: Will the giant IPOs coming in 2026 drain money from the market and depress stock prices?
Question 2: Is 20% to 30% in bonds enough protection against sequence of returns risk?
Question 3: If you move your IRA entirely into bonds, will RMDs force you to sell bonds when they're down?
Question 4: If you're over 59 1/2, why not make every IRA withdrawal a Roth conversion?
Question 5: Is "VT and chill" costing you 0.7% a year compared to holding VTI and VXUS separately?

Resources mentioned in the video:

SpaceX IPO pricing: https://www.npr.org/2026/06/11/nx-s1-5853199/spacex-ipo-price-elon-musk
S&P 500 buyback data: https://www.spglobal.com/spdji/en/corporate-news/article/sp-500-q3-2025-buybacks-post-modest-62-gain-to-249-0-billion-after-declining-20-1-amidst-uncertainty-in-q2/
Money market fund assets: https://www.ici.org/research/stats/mmf
Bengen's original 1994 paper: https://www.financialplanningassociation.org/sites/default/files/2021-04/MAR04%20Determining%20Withdrawal%20Rates%20Using%20Historical%20Data.pdf
Kitces/Pfau rising equity glidepath: https://www.kitces.com/blog/should-equity-exposure-decrease-in-retirement-or-is-a-rising-equity-glidepath-actually-better/
IRS RMD FAQs: https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs
IRS Publication 590-B (Roth and IRA distribution rules): https://www.irs.gov/publications/p590b
RMDs come out before conversions: https://irahelp.com/new-rule-all-ira-rmds-must-be-satisfied-prior-to-doing-a-roth-conversion/
The two Roth 5-year rules: https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/
The VT vs VTI/VXUS articles in question: https://princetonasset.com/2026/05/25/the-hidden-cost-of-just-buy-vt/
Elm Wealth on VT vs VTI/VXUS: https://elmwealth.com/vt-vs-vti-vxus/
Bernstein on the rebalancing bonus: https://www.efficientfrontier.com/ef/996/rebal.htm
Foreign tax credit basics: https://www.bogleheads.org/wiki/Foreign_tax_credit
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