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Old 08-08-2018, 07:32 PM   #61
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Originally Posted by Dtail View Post
Yes I would agree and this way hopefully mr market continues for you overall.


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Old 08-14-2018, 11:15 AM   #62
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Originally Posted by jkern View Post
For me personally, I would just take $140K from your stash and put it in cash investments (CD's, MM) and withdraw monthly or yearly from that for the next 7 years. All done!!

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Old 08-14-2018, 01:55 PM   #63
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Iím a keep it simple guy. I would throw it in CDís or MM fund, get an easy no stress part time job at Home Depot and enjoy.
Central Ohio and Ft.Myers, Florida
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Fixed income question
Old 08-14-2018, 02:51 PM   #64
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Fixed income question

Originally Posted by pompanobeach View Post
Thank you Koolah. Yes, I have very good life benefits for Health Insurance. The $7k covers all my expenses plus some cushion. It includes small mortgages on two condos. I have CT condo and FL comdo. If figure if things get messy, I can always just sell one of the condos. Plus, my pension does have a 2%-7% annual COLA depending on inflation, etc..

I know the $350k isnít a big number but I will be making a minimum of $5k per month, plus whatever interest I can pull in from my $350k per month for 7 years until I start collecting the $2k from my SS.

Itís kind of simple but it should work...right? Do you think I am making a mistake?

Pompano, I think the most important thing is you have just shown ways to cut costs if things dont work your way. You got more cushion its just in the condos. My after tax pension is just a few hundred dollars monthly more than yours. And I never even spend it all. I didnt retire with a lot of money 8 years ago, and the money is just starting to stack up and just gets reinvested. I got the cola thing too, and it really helps.
It just boils down to expenses. I am retired and have a mortgage and pay rack rate for health insurance too. I am not a traveling jettsetter, but paid for GF and I to a nice week trip to Mexico for a week and Vegas for a week, and have the next one in October paid for already (3 weeks a year is enough for me as I have too much golfing to do). You arent heading for sleeping under and overpass in your later years, I am sure...Best of luck!
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Old 08-14-2018, 04:05 PM   #65
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Keep posting all. I am learning a lot and enjoying this thread.

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