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Investing/Strategies / Retirement Investing
|Subject: Re: Wellesley Income Fund||Date: 3/10/2003 12:17 AM|
|Author: pauleckler||Number: 35864 of 76418|
Jack, in the situation you describe a laddered maturity bond portfolio is one thing you might want to look at. They can be very safe and no fees as in a mutual fund. Fot that you probably would want to use a discount broker.
Fools would usually suggest 5 yrs of expenses in that bond portfolio, but you could go up to 50% of your funds--especially if the interest income covers your living expenses. The rest can be in stocks for inflation protection.
You probably have these funds in a rollover IRA account. If you are over 59-1/2, you will want to set up a distribution plan. If you are under 59-1/2 you may want to set up a 72(t) distribution plan.
Seems like you are on the right track.
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