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|Subject: Retirement Investing||Date: 2/25/2000 2:18 AM|
|Author: retking||Number: 19481 of 76418|
As I have been modestly foolish most of my life, I am now at the point where I must ask for some financial advice concerning my retirement portfolio.
Given the following:
59.5 years of age.
COLA adjusted Pre-tax pension income of $33,000 +
$18,000 Social Security at age 62.
401-K assets of $250,000. Other Mutual fund IRA's
of $100,000. Will use some of these assets to bridge the gap from 59.5 until age 62.
I have no financial liabilites at present but plan to finance a retirement home and I plan put down $50,000 and mortgage $150,000, if required.
How should I invest $200,000 from my 401K? I am foolish enough not to want pursue a very diverse
portfolio but will take a moderately high to high risk level. Don't like annunities, foolish -yes/no??
I usually tell fools to take my advice, I don't use it!!! retking
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