Portfolio

[Acadian]

Hi,
I need some help; I will be retiring in July at 62 with a $500,000.00 portfolio and don’t have a clue as to the best way to retrieve $ 1,600 monthly from my portfolio, could you give some ideas?

Fidelity Wachovia
IRA Mutual Funds
74,500 153,000
401K Cash
116,500 150,000
ESOP
6,000

Thank you,

The simple answer would be to put it in a Vanguard Retirement Fund - Probably the 2005 Fund. - You are basically talking about a 3.8% withdrawal rate. You could set it and forget it basically. This would be my choice if you are not interested in investing and spending a lot of time investing.

Stay away from financial planners, as they are only interested in lining their pockets.

Any answer here will involve predicting the future a bit. - So is this absolutely safe? - No - But then again in this life nothing is safe!

[Acadian]

Thank you