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I hope you will a bear with me as I am new to this and have what must be some really basic questions. I plan to retire in 6 years and will be living off the my portfolio at that time. (No IRA-long story.)
Within the next six months I expect to have the proceeds from the sale of a primary residence and half interest in a house I inherited.
So my questions are how to best allocate the funds from the house sale with a six year horizon and how exactly does one live off one's investments? My current portfolio is a mix of individually owned stocks, no load mutual funds and high priced spread broker purchased funds. (Don't fuss about the broker funds, they were gifted.) I know with the broker funds I can just set it up for them to send me a check at regular intervals, but what about the no load funds? Can they be set up that way? How does one handle stock? Just use dividends and sell when prudent?
I have spoken to two financial managers about this. Both are cheerfully happy to take all of these weighty decisions from my shoulders, but their fees or percentages are too high, and I would feel much more comfortable managing my assets myself.

Thanks, BG
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