The Motley Fool Discussion Boards

Previous Page

Learning to Invest / Portfolio Management

URL:  https://boards.fool.com/how-much-to-expect-33158900.aspx

Subject:  How much to expect Date:  8/26/2018  10:52 PM
Author:  Genrober Number:  6956 of 7006

I’d like to give you some background. My wife and I are modest people and live somewhat comfortably on my teaching pension, social security, and my part time job. We have had terrible financial advice and experiences for many years and am afraid that as expenses rise I will end up working“forever”.
We have managed to save approximately $300,000. I am 65 and wife is 61. We have no debt, our largest expenses being all the insurance to cover house, autos, health, etc.
My question is that I was wondering if I were to buy a group of quality dividend paying stocks with the $300,000 could I expect a significant increase in our monthly money flow? Or, is that just not enough money to expect much. Currently the money is in mutual funds - but our “advisor” is making much more than we are. Very upsetting.
Thanks in advance for any comments that may follow.

Dave -
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us