am 64 and my wife is 61. We are in growth stocks, mutual funds,realestate and TIAA-CREF. This is all building net worth, but our grocer doesen't accept net worth for food. We would like a cash return of 6% or more. Junk bond funds are ok but how does one find them. Also higher dividends might be the answer. Suggestions??? You are in the enviable position of having a 10% or 20% income tax rate instead of 15%, 28% or higher. Instead of converting to income production (with no growth) and making some of your social Security taxable sell off enough long term capital gains stocks (or better yet some losers also) and live off your capital, which is actually growing faster than income production would. You end up the year with more capital, less taxes and keeping up with inflation or higher living style. Any 500 S &P index fund will do better than a 6% junk bond fund, at lower taxes, and you seem to be doing O.K. with your investments--just liquidate some of them to live off instead of producing taxable income. ed
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