No. of Recommendations: 0
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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.