I am almost 56 years old. Late last year I had to take full disability retirement. Definitely unuexpected. Fortunately, through wisely managing our income (not investments) we aren't really hurting for day to day living. Other than a house payment, auto and home insurance, and utilities, we only have $6500 in debt. My company pays me a pension and I receive 100% Disability from Social Security. Plus, my company pays me 50% of my salary until retirement age (67) as long as I continue to qualify. So, for the moment, we (my wife and I) receive $5471/month. All medical is paid through the company with usual co-pays, etc.We have $42k in a PayPal Money Market account earning 4.52% interest/month. In addition I still have a 401k plan from my company worth around $60k at last statement. Since the company always matched in stock 'units' that amount is variable.I will also add that my wife has an LLC (just started in 2006) that brings in approx $600/month (before taxes after expenses). This is an Internet service and will increase in value/income.So, on to the subject of hand - What to do now? I need to accelerate my earning potential beyond what my money market account is paying, although that is pretty good from what I have been able to research with my limited knowledge. I do need to have ready access to the cash also, although not the full amount. I am after 1, 2, 5, 10, 15 year strategies on maximizing ROI.Have I asked the question in the right forum? If not, please advise where it would be better to post.TIA
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst