I will be retiring in a couple of months. Age 62. My pension can be $1200/month 10 year certain and life or $182,000 lumpSum. My wife is much younger than I am and earns $60,000/yr. Relatively debt free. The market is terrible, wouldn't want ind. stocks.I have approx. $30,000 in blue chip stocks. I was thinking about $90,000 vanguard S&P 500 index fund and $90,000 tax deferred municipal bonds.Will be receiving approx. $2,000 soc. Sec. monthly benefit. (We have a 15 yr old mentally challenged child.)WE would like to supplement our income with $500/month from the $182,000. We will still be in a high tax bracket that is why I was considering the Tax free municipal bonds.I am in good health and feel altho I am retiring, I can handle a little risk than all fixed income. I would appreciate any suggestions or advise. T.I.A.
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