UnThreaded | Threaded | Whole Thread (24) | Ignore Thread Prev | Next
Author: billyturtle Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: retirement stress Date: 1/2/2005 11:43 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Of course this is easy for me to say, it's not my $3 million. If it was my money I would call Vanguard, put aside $600,000 (5 yrs x $120,000) in MMF's at several banks to get FDIC protection. Then I would invest 3/4 of the rest in VTSMX, 1/4 of the rest in VMBFX, and go enjoy my retirement. Each year I would pull an inflation adjusted $120K from accumulated dividends and sale of shares as needed to replenish the MMF.

The FDIC protection is cummulative. It is not $100,000 per bank. It's $100,000 per person. Spreading the money around doesn't do anything but lead to more paperwork and more to keep track of.

Keep 1 year of money liquid at ING for instance. Keep 5 years laddered in cds or Tbills. Invest the rest. You may want to talk to a professional.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (24) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.