UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: hockeypop Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76080  
Subject: Re: help -retirement investing plan Date: 6/4/2011 5:43 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
1. What are your expenses after SS? That number is important.

2. If one of you died would you be able to reduce your expenses or are they likely to remain the same?

3. While you're calculating your expenses after SS and a worst case expense option if one of you died, I'd do the following:

a) Check Vanguard and determine the cost of an immediate fixed annuity on each of you for the amount of #1. You might not want to do that but it would be nice to know the cost of insuring all your risk.

b) After you figure #2, I'd check on the cost of just enough life insurance to reduce that risk. Again, you might not have to do that but it would be good to know the number.

4. I'd guess the chances are good that you might not have to take either the annuity or the life insurance if the expenses you need to fund are small based upon your $1 million dollar investment sum. If that is true then you could buy a ladder of specific 10 year treasuries and beyond to take care of any expenses (very conservative).

As an alternative you might be able to fund a 30% stock 70% bond portfolio that would provide you with nice income.

5. If I wanted to "play" with individual stocks at your age and you are concerned with that I'd go wither go with index funds OR practice with the TMF CAPS to test your ability to choose.

Congratulations on being a millionaire. It doesn't seem as much as it once was does it?

Hockeypop
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Ringing the NASDAQ Bell
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement