redtail
Confused about dryer sheets
I just joined the forum, and this is my first post. I retired 3 years ago at 55. My company decided to pack up and send everything to China. That was OK, becouse the company was making money, and with their payout and my 401K, I had a just a little over 1 million to invest for retirement. I picked up a financial fee only advisior that was highly recommended. He charges .75%. My wife still works, mainly for the heath insurance benefit. I hope she can retire in 4 years. My assest allocation is 17% domestic stock, 8% foreign stock, 22% in bonds, and the rest in short term cash. My question is that the short term cash is paying out 1/10th of 1 per cent. I asked my advisior if we could put it into someting where it could make more, like maybe TIPS, but he shruged that off. I need some cash availible, because I so draw out $2000 a month to live on and pay bills. The only bill my wife and I have is the house payment, and that will be payed off in 3 years. Any help would be appreciated. Thanks, Chris.