Hi
I am new to E-R and joined this forum recently and need your help. Thanks in advance, for your perspective, suggestions and help..
Brief background -- self 55, still in wf, wife 49, stay at home mom.. recently sold my primary residence with a plan to down-size and relocate during retirement...most likely in 2-3 years, still working on those details..as I am working those details, I need to invest the cash of about $1M the sale has resulted... This is my primary source for my retirement and am worried not to blew up....
I am thinking of opening VG or Fidelity and dca into s&p500 over the next 12 months or so, to keep it simple...is this a good strategy? I am worried about the plan, keeping in view of the stock market being all time high currently....
any suggestions, help or perspectives please?
tia..
I am new to E-R and joined this forum recently and need your help. Thanks in advance, for your perspective, suggestions and help..
Brief background -- self 55, still in wf, wife 49, stay at home mom.. recently sold my primary residence with a plan to down-size and relocate during retirement...most likely in 2-3 years, still working on those details..as I am working those details, I need to invest the cash of about $1M the sale has resulted... This is my primary source for my retirement and am worried not to blew up....
I am thinking of opening VG or Fidelity and dca into s&p500 over the next 12 months or so, to keep it simple...is this a good strategy? I am worried about the plan, keeping in view of the stock market being all time high currently....
any suggestions, help or perspectives please?
tia..