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Old 12-05-2014, 04:46 PM   #21
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Old 12-09-2014, 09:05 AM   #22
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Thanks for all the replies, So I'm 48 now, no debt, have a little over 1 million dollars in stocks and cash, but looking at a significant windfall in the next few years, thinking at about age 51. Not sure where to put the 8.5 or more million to maintain a 200,000 dollar yearly budget for all expenses, without touching the principal. Married with 2 young kids, currently 6&8, live in the South, no state income tax. Property taxes and insurance run about 10,000 dollars a year.
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Old 12-09-2014, 09:23 AM   #23
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....Not sure where to put the 8.5 or more million to maintain a 200,000 dollar yearly budget for all expenses, without touching the principal. ....
Psst.... Wellesley.

Vanguard Wellesley Income Fund would be an easy/peasy place for it. In some bad years you might have to dip into principal, but it is unlikely unless you had a very bad sequence of returns.
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Old 12-09-2014, 01:07 PM   #24
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Psst.... Wellesley.

Vanguard Wellesley Income Fund would be an easy/peasy place for it. In some bad years you might have to dip into principal, but it is unlikely unless you had a very bad sequence of returns.
+1 on the Psst.... Wellesley fund.

You might want to look at how it performed during the recent crash. It's total return was not quite a negative 10% in 2008, but that was the only negative return year since 2000.

https://finance.yahoo.com/q/pm?s=VWINX+Performance
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Old 12-09-2014, 05:35 PM   #25
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Can a 51 yo with no debt and 8.5 million retire while spending about 200,000 a year?
Yes, if that includes taxes.
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