Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Where to put $37K retirement check
Old 05-07-2005, 12:15 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Where to put $37K retirement check

After being laid off recently, I finally got the paper work to release $37k from my old profit sharing retirement plan. I don't plan to touch this money until reqired in 13 years so I want it to grow 7 to 9% within moderate/conservative investments.

Any suggestions?
My mattress is already much too firm to add more paper.

MJ
__________________

__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Where to put $37K retirement check
Old 05-08-2005, 05:28 PM   #2
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 260
Re: Where to put $37K retirement check

MJ although the returns would not be what you're hoping to get I would consider $30,000 in US Series I bonds.

This period the fixed portion is 1.2% plus the inflation rate totaling 4.8% tax deferred and as safe as any investment can be.

May be worth considering.
__________________

__________________
GTM is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-08-2005, 05:59 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Where to put $37K retirement check

Buy a big boat or a sports car. You might be dead in 13 years.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-08-2005, 08:27 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Where to put $37K retirement check

Quote:
Originally Posted by MRGALT2U
Buy a big boat or a sports car. You might be dead in 13 years.
JG
Hey JG, I might also be alive for another 35 years like my dad is. Don't feel like eating dog food in my twilight years. Although according to some movies I have seen, dog biscuits might be satisfying.

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 12:19 AM   #5
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Where to put $37K retirement check

I like GTM's idea about IBond. It's safe, tax deferred and exempt from federal tax despite its return is less than 7 to 9% that you are seeking. To get that kind of return, you may consider the health care, biotech or consumer sectors. These sectors should do well according to the experts.

Spanky
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 12:48 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Where to put $37K retirement check

Since this retirement money will be rolled into a tax deferred IRA account, will I be able to buy IBonds within that account?
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 03:05 AM   #7
Recycles dryer sheets
 
Join Date: Jul 2002
Posts: 420
Re: Where to put $37K retirement check

A good balanced fund like Dodge and Cox or Wellington - or simply DIY with a couple of index funds or ETFs. With ETFs something like:
VTI+EFA+AGG. (and then add EM/reits/commodities for taste!) Cheers!

__________________
preben is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 06:24 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Where to put $37K retirement check

Quote:
Originally Posted by MJ
Hey JG, I might also be alive for another 35 years like my dad is. Don't feel like eating dog food in my twilight years. Although according to some movies I have seen, dog biscuits might be satisfying.

MJ
Live like you may die tomorrow, but also allow for the possibility that
you might make 100. It's good advice, but very difficult to achieve.

I promised REW that I would try to avoid morbidity today. But,
yeaterday I had Mothers Day dinner with Mom, Dad and my only
first cousin. I used to hunt with her husband and his best friend;
both died at about 45. They never got a chance to even think
about ER. The other side of the coin is my parents; 87 and 85
and still quite independent with no major health problems.
We covered the whole gamut yesterday, including wills,
assisted living, distribution of personal property, etc. I explained
that at some point I would be meeting with an "eldercare"
attorney. My parents are pretty clueless about all of the nuances
and it's a very touchy area.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 06:39 AM   #9
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Where to put $37K retirement check

Quote:
Originally Posted by MJ
Since this retirement money will be rolled into a tax deferred IRA account, will I be able to buy IBonds within that account?
MJ,

For tax deferred account, I would choose a TIPS fund (Vangaurd has one).

Spanky
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 08:17 AM   #10
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 1,879
Re: Where to put $37K retirement check

Why not Vanguard Target Retirement 2015 Fund (VTXVX)? An expense ratio of 0.22%, and holdings in bonds, domestic and international stock indexes, plus inflation-protected securities, you cover the bases conservatively.
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 10:17 AM   #11
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Where to put $37K retirement check

That or Wellesly. Don't buy the sportscar, it screams, "I have shortcomings!"
__________________
laurence is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 10:39 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Where to put $37K retirement check

Quote:
Originally Posted by laurencewill
That or Wellesly.* Don't buy the sportscar, it screams, "I have shortcomings!"*
Ah, sports cars. Don't own any now but I'd like to. Lots of memories.

1970s Triumph TR4 and Corvette T-top
1980s Fiat Spyder (gave it to my daughter)
1990s Mazda Miatas (2) gave one to my youngest daughter

Had a blast with all except the Fiat. It was in the shop more often than not.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 11:22 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Where to put $37K retirement check

Bad bad boys - some of us never grow up!

1960's Datsun 2000 rag top roadster.
1970's used XKE 2+2 coupe(1967)
1980's Camaro SS (1969)
1990's GEO Storm GSI

I have a 'free' GEO Storm(1992) sitting in the yard - just begging for a 12 valve plus turbo Isuzu drop in engine.

My neighbor to the right -* Nova and Camaro sitting not ready for prime time(he's a trucker) - big wide tires and big V8's waiting to taste the dirt oval.

Neighbor to left - goes to meets with his 'baby' - 1955 restored Thunderbird.

Both in their 50's - NOT ER'd - still working.

Hmmmm?
__________________
unclemick is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 11:29 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Where to put $37K retirement check

Thanks for the suggestions.
I was wondering if PFCU 5% CD would be a better alternative to Wellesley or TR 2015 over the next 2 years. As you may know PFCU allows you to close out IRA cds without penalty after the age 59 1/2.

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 11:29 AM   #15
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: Where to put $37K retirement check

My sport cars memory:
1965 MGB
1969 Olds 442


Spanky
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 11:58 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Where to put $37K retirement check

I can confirm that dog biscuits, at least the good ones I get, dont taste too bad.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 12:01 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Where to put $37K retirement check

But are they cheaper than people food?
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 12:03 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Where to put $37K retirement check

Way cheaper. I get a very good quality biscuit for about $10 for 15lbs and very good quality dog food for $16 for a 40lb bag. Either would be more nutritionally balanced than what I usually eat...

I can get back to you with an actual study (admittedly small) in a couple of years. There are no shortage of dog biscuits and bowls of food lying around. Baby is on the cusp of learning to crawl. Draw your own likely conclusions...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 12:14 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Where to put $37K retirement check

Hmmm

Reminds me of my brother in law mining engineer - a couple of energy crises ago - bumber sticker - Let the bastards freeze in the dark - the - and eat dog food part was left off for brevity.

BTY - Wellesley is good or one of the Target Retirement Series. The other forum mentioned a 'whole world ETF' coming soon - I forget whose.

Or just park and wait to make up your mind.
__________________
unclemick is offline   Reply With Quote
Re: Where to put $37K retirement check
Old 05-09-2005, 02:31 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Where to put $37K retirement check

The main problem I see eating dog biscuits during my twilight years will be the dull condition (or lack) of my canine teeth. I guess I can soak the biscuits in warm milk to soften them up.

Yummy

MJ
__________________

__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Diversifying My Retirement Funds and Confused Rob Other topics 1 10-31-2005 10:59 AM
I thought I'd post a Picture of my Wife naked..... TromboneAl Life after FIRE 13 10-19-2005 10:14 AM
many paths to ER (or, in the retirement house there are many rooms) Martha FIRE and Money 37 07-20-2005 09:43 PM
Declining COL in retirement?... Cb FIRE and Money 31 06-09-2005 02:47 PM
How people find us... asian carp?? dory36 Forum Admin 4 05-27-2005 01:07 PM

 

 
All times are GMT -6. The time now is 05:52 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.