ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As the titles says, I am contemplating how to maintain our current income stream when our Investment CD's mature mid next year. Though I would try to get all my ducks in a row early. As most of you know I am a low risk investor (if you can even call me that).
~45% of our stash is in after Tax IRA (Taxable) moneys that is in high yielding CDs, currently earning ~4%. We live very well off this income and pay taxes on it as required. The rest is in Tax Deferred IRAs earning a similar ~4% but for a much longer term, so I am not concerned about them.
Mid next year the taxable IRAs mature, and I do not see any similar investments being available by then. Money earning ~1% is pretty much useless to us.
Currently we do not take SS, do not have any pensions or any other form of income. If we take ONLY DW's SS mid next year that will make up for the shortfall and business will be as usual, till 2022.
I do not see any other way not to use our taxable capital, we have only been adding to it since we both ER'd.
It is possible that assuming the market is not still flying in the stratosphere at all time highs, I may consider investing the taxable IRAs in a S&P ETF or Fund to help make up for the shortfall and not take DW's SS.
I also have SS and a UK SS equivalent that I could tap but would like to postpone doing so for another 3 years to maximize them.
So I am posing the question of how to address the dilemma to the smart masses here to see if there is a similar low risk solution.
~45% of our stash is in after Tax IRA (Taxable) moneys that is in high yielding CDs, currently earning ~4%. We live very well off this income and pay taxes on it as required. The rest is in Tax Deferred IRAs earning a similar ~4% but for a much longer term, so I am not concerned about them.
Mid next year the taxable IRAs mature, and I do not see any similar investments being available by then. Money earning ~1% is pretty much useless to us.
Currently we do not take SS, do not have any pensions or any other form of income. If we take ONLY DW's SS mid next year that will make up for the shortfall and business will be as usual, till 2022.
I do not see any other way not to use our taxable capital, we have only been adding to it since we both ER'd.
It is possible that assuming the market is not still flying in the stratosphere at all time highs, I may consider investing the taxable IRAs in a S&P ETF or Fund to help make up for the shortfall and not take DW's SS.
I also have SS and a UK SS equivalent that I could tap but would like to postpone doing so for another 3 years to maximize them.
So I am posing the question of how to address the dilemma to the smart masses here to see if there is a similar low risk solution.