My situation:
After 20 years as a electronic engineer in one company, I was laid off few months back. My skills are outdated. Due to critical health issues, I cannot learn any new things or do odd jobs. My career ended!
I am 49, my wife 46 and we have a son age 7. My wife work as a substitute teacher and she intend to continue. She earns about $1500 per month.
Summary of Assets:
Paid off Home (150k) & Paid off Car (Corolla)
400k in Taxable accounts ( Completely in Total stock market & Total International)
450k in retirement accounts (Completely in Stable Value funds and short term bond funds)
About 35k cash in bank.
No Debts.
My total monthly expenses are 3k.
Medical Insurance provided by my former company with nominal charges.
Questions:
How to generate $2000 guaranteed income every month? Annuities Or any dividend funds Please advise, what can I do in my situation.
After 20 years as a electronic engineer in one company, I was laid off few months back. My skills are outdated. Due to critical health issues, I cannot learn any new things or do odd jobs. My career ended!
I am 49, my wife 46 and we have a son age 7. My wife work as a substitute teacher and she intend to continue. She earns about $1500 per month.
Summary of Assets:
Paid off Home (150k) & Paid off Car (Corolla)
400k in Taxable accounts ( Completely in Total stock market & Total International)
450k in retirement accounts (Completely in Stable Value funds and short term bond funds)
About 35k cash in bank.
No Debts.
My total monthly expenses are 3k.
Medical Insurance provided by my former company with nominal charges.
Questions:
How to generate $2000 guaranteed income every month? Annuities Or any dividend funds Please advise, what can I do in my situation.