Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Okay, you have $500,000 to invest (Tax deferred from 401k) and your 66 years old. Other assets including stocks, mutual funds, money markets and CD's are sufficient to provide any shortage in living expenses for the next five years.

Currently have IRA with Vanguard ($70,000), should these new funds be rolled into this IRA or should one set up a new IRA?

With social security and income from private investment, my current budget shows a possible short-fall of $3,000 to $5,000 per year, which can be easily covered by the taxable accounts, mainly the CD's and any interest income or dividends from stocks. Therefore, I can leave the money untouched for five years, except sometime after four years I will have to start minimuim withdrawls (at 70 1/2 years.)

Okay, all you gurus put me on easy street in five years? Where and how should I invest the money? Should I stay with Vanguard? What mix of stocks, bonds, mutual funds, etc should I try to maintain?

Most financial planners say one should have foreign exposure in one's portfolio? With a S & P 500 index fund or a total market fund wouldn't one already have foreign exposure in the big corporations, such as GE, XOM, etc?

Let's light up the board with suggestions, and then all make my decisions, which I have already spent hours researching. With your input, I'll take a new look decide and post a summary here on the Retired Fools board. (I wonder if I'm a true Fool or a true fool!)

Happy trails ...rclyde
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.