No. of Recommendations: 1
Sorry about the layoff

Questions you didn't answer

1) what is your health care situation? Do you have any remaining coverage from your ex-employer like some benefits for a separation period? Or coverage to 65? Do you have a spouse who can put you on her insurance? Do you even have a spouse to worry about? Can you go on COBRA with your employer to get health benefits for 18 months and what is the cost of that vs getting your own policy? Do you have any other sources of income?

2) In any event, I would suggest you go with mutual funds. There are some that do 'dividend paying stocks' in the Vanguard family if you wish to stay with that. In an IRA, income is income. It is not treated separately

3) You might like to look at REITs as a minor portion of your holdings.

4) I assume you will roll over your 401K plan to an IRA at Fidelity or Vanguard to lower your investment expenses? Most 401K plans have high costs.

5) Budgeting - have you even begun to look at your annual costs in detail and realism? Could you cut expenditures? Would you relocate? Downsize?


t.
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