Hi,
I,m interested in your opinion regarding the allocation of retirement assets. My wife and I have no sources for retirement income other than our personal savings. We would like to know how much we would have to accummulate to have a 50,ooo dollar net income. If we were to invest in the FF, an S&P 500 index, and some sort of bond or money market fund inequal amounts.
We hope this will give us some growth and some income and the flexibility to tap into whichever source provides the best return for the year.
More importantly does this appear to be a sensible stategy? We are new to Fooldom but have been investing in mutual funds for sometime and are comfortable with making the leap to directing our own investments rather than relying on our broker. We are both 45 years old and would like to know how much more we need to accummulate.
Thank you for your advice and information