No. of Recommendations: 1
MY wife and I are 72 years old ----no kids and no one that we will leave our money to so we can use it now while we are living.
Pension and social security covers our expenses.
We have $500,000 to invest.

What is a very simple investment and withdrawl idea.
I like ETF's but would not want many different ones nor switching.

One idea I have seen was to put 85% into SPY and 15% short term money market.

Withdraw 4% from SPY in good years and use some of the 15% MM in bad years.

I am familiar with the well known 4% idea.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.
Advertisement