Cheesehead
Recycles dryer sheets
We have a pension and social security, but need an additional $18K (after taxes, 25% bracket) a year for living expenses. We are retiring and now need for $700000 to get 3% annually for income and I’d like some advice as to how to do this. We plan to have them send us a monthly check. Additionally, we have four years of living expenses in cash in laddered CDs.
I was thinking of splitting 50/50 into Wellington & Wellesley, adding some international stocks, but I am cautious as to their average bond duration of 6.5 years, with interest rates about to rise. This I figure pushes me into making my own index AA using short bond funds, correct? We are conservative investors. Or can someone recommend a fund where I can determine the stock to bond ratio and have shorter durations in the bonds?
I subscribe to a Vanguard newsletter and for an Income portfolio but they are 66% stock. I also subscribe to Bob Brinker and his AA for Income is 50/50.
I would prefer to not have to rebalance, I'd like a fund which will do it for me. I considered Vanguard Conservative Life Strategy but their bonds average duration is 6 years. I appreciate your ideas and as to how you produce regular income in retirement. Thanks!
I was thinking of splitting 50/50 into Wellington & Wellesley, adding some international stocks, but I am cautious as to their average bond duration of 6.5 years, with interest rates about to rise. This I figure pushes me into making my own index AA using short bond funds, correct? We are conservative investors. Or can someone recommend a fund where I can determine the stock to bond ratio and have shorter durations in the bonds?
I subscribe to a Vanguard newsletter and for an Income portfolio but they are 66% stock. I also subscribe to Bob Brinker and his AA for Income is 50/50.
I would prefer to not have to rebalance, I'd like a fund which will do it for me. I considered Vanguard Conservative Life Strategy but their bonds average duration is 6 years. I appreciate your ideas and as to how you produce regular income in retirement. Thanks!