I'm not sure what to think about the bonds: do they have callable dates?Yes, they are callable, at least some of them are. I don't know the call dates right off hand, though.With her budget, does social security plus the income from bonds and REIT Fund come close to covering her expenses? My expectation is that she will ultimately need to dip into the principle in the bonds to cover unexpected expenses that will undoubtedly come up, eg, health care, car replacement, home repairs, etc.If she's going to need the principle from the bonds, or the REIT, then whether to sell when she can get a good price becomes an issue.That is the point of my post. She has approx. 7 bonds ranging in face value from $5,000 to $25,000 and I anticipate her selling one of these every year or two to cover expenses. That is why I ask if she should sell now, rather than later, presuming that the best price may be to get out now rather than waiting til the principle drops further.Why does she have so much money in a money market. I'm all in favor of cash, but I'd at least put what isn't needed this year into a CD ladder (1 year, 2 year, 3 year, 4 year, 5 year).Her financial advisor had her more heavily invested in large cap growth mutual funds (which have taken a beating, down 50% from their peak) and a junk bond fund. We recently sold some of these and put it into a money market. Right now, I'm inclined to invest most of her cash in laddered CD's. Would you do that now, or wait 6 months to a year to see if the rates on CD's go up a little bit? Unless anyone thinks otherwise, I'm starting to think sell the bonds now and buy laddered CD's would be the way to go. Is this prudent?
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