Maneiac
Dryer sheet aficionado
- Joined
- Jul 19, 2005
- Messages
- 32
Hello all....Just a quick question to inquire if anyone actually uses a single (or maybe a combo of) Balanced Fund(s) for their entire retirement income Portfolio? Such as Vanguard Wellington or Wellesley for example. Is this being overly simplistic? I would only need to generate an annual income of 20-25K to go along with SS and the wifes COLA'd teachers Retirement to keep us just under the 15% IRS cap.
I am speaking of approx $800K at present of all tax sheltered IRA money. We intend to start drawing in just over 2 years.
I am speaking of approx $800K at present of all tax sheltered IRA money. We intend to start drawing in just over 2 years.