Allocation Advice needed for Tradition IRA

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I am going to 45 soon so have some time before retiring. The majority of holdings in money market. I'm making about 1700/month in interest on that. I just started reinvesting that into s&p500 mutual fund instead of the MM account. Is that a good strategy. My fear is I buy into s&p500 in one large lump and it tumbles. Any other suggestions?

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