Hi all,
I am new to this board but feel like I have been here before. Perhaps because I was a member of the original Retire Early forum many years ago and many of the monikers here look familiar.
Here is my current situation for which I would appreciate getting some advice from the wise folks here.
My taxable funds are all in cash. I have them distributed over several high-yielding money-market/savings/checking accounts netting 1.5% interest. I would like to put this money to use this year to provide income to pay for living expenses. Some specifics:
1. Cash amount is low 7-figures.
2. Cash amount represents 80% of investable assets; remaining 20% in 401K accounts in stable value fund and Vanguard target retirement fund
3. Tax bracket historically high and AMT-triggering but 2011 is a "job search" year so don't anticipate it to be too high.
4. Almost 55 years of age so might consider ER if can't find suitable position or can't start own business.
Question:
What would be the best way to maximize the cash flow from the taxable account?
I welcome any and all questions if answers to them will help me double the current paltry 1.5% return. Thanks.
Dante
I am new to this board but feel like I have been here before. Perhaps because I was a member of the original Retire Early forum many years ago and many of the monikers here look familiar.
Here is my current situation for which I would appreciate getting some advice from the wise folks here.
My taxable funds are all in cash. I have them distributed over several high-yielding money-market/savings/checking accounts netting 1.5% interest. I would like to put this money to use this year to provide income to pay for living expenses. Some specifics:
1. Cash amount is low 7-figures.
2. Cash amount represents 80% of investable assets; remaining 20% in 401K accounts in stable value fund and Vanguard target retirement fund
3. Tax bracket historically high and AMT-triggering but 2011 is a "job search" year so don't anticipate it to be too high.
4. Almost 55 years of age so might consider ER if can't find suitable position or can't start own business.
Question:
What would be the best way to maximize the cash flow from the taxable account?
I welcome any and all questions if answers to them will help me double the current paltry 1.5% return. Thanks.
Dante