unclemick
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
The SO has 50k of excess petty cash built up with no known use (reserve, fun to do, etc).
I'm leaning toward establishing an income stream since we have room before she jumps a tax bracket. We're talking less than 5% of combined assets so no rebalancing required.
In the middle ala Ben Graham - current income plus acceptable growth over the next 10-15 years.
Looking at Vanguard Wellesley, Target Retirement Income, 2005. I.e 3% + now plus some inflation fighting growth. Auto deduct to checking - of course - since she has zero interest in investments.
Thoughts? Comments? Alternatives?
BTY - she nixed the world cruise idea.
I'm leaning toward establishing an income stream since we have room before she jumps a tax bracket. We're talking less than 5% of combined assets so no rebalancing required.
In the middle ala Ben Graham - current income plus acceptable growth over the next 10-15 years.
Looking at Vanguard Wellesley, Target Retirement Income, 2005. I.e 3% + now plus some inflation fighting growth. Auto deduct to checking - of course - since she has zero interest in investments.
Thoughts? Comments? Alternatives?
BTY - she nixed the world cruise idea.