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Briefly---Both retired early(Wife 52-self 53).No debt.

How--had a business that generated fantastic income with almost no overhead.

Result---large amt. of money to invest and DO NOT want to stay in Mutuals or use "fp experts"

Needs---$5000-$8000 per month

Problem-all funds are in Mutual Funds.We have transferred all funds to Money Market until we get it togeather in how to use other investment avenues.Exit fees will be high but we are willing to bite the bullet.

Our thinking---place some in dividend paying investments and use that revenue for ongoing needs.
Invest the rest for long term growth.We live in Ontario so have to consider tax consequences.The first problem we have is trying to figure out how to change our current situation.We are considering using Canada Trust where we would open self-directed RRSP'S,using the current RRSP money(wife $208000.00 and self $254000.00) that is in CI Money Market.We then need to take the "Joint Open Acct"($1,500,000.00) and move it to a Canada Trust Easy Line account,where from we can proceed to place the funds for drawing monthly and investing for the long term.

Again I'm not sure if our thinking is sound

So,its back to the heading--Where to Start??

Any suggestions /thoughts from other retired folks would be appreciated.The biggest decision has been made-"we want to paddle our own canoe".Now we have to find the right stream to follow
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