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Old 09-22-2005, 03:24 AM   #1
Confused about dryer sheets
Join Date: Jul 2005
Posts: 2

I need some help; I will be retiring in July at 62 with a $500,000.00 portfolio and donít 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

Thank you,
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Re: Portfolio
Old 09-22-2005, 04:12 PM   #2
Posts: n/a
Re: Portfolio

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!
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Re: Portfolio
Old 09-23-2005, 12:11 AM   #3
Confused about dryer sheets
Join Date: Jul 2005
Posts: 2
Re: Portfolio

Thank you
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