seraphim
Thinks s/he gets paid by the post
- Joined
- Mar 6, 2012
- Messages
- 1,555
I admit I'm concerned about taking the plunge into investing, but have about 200k in inherited (non-spousal) IRAs and 172k in cash currently in a PNC 'Investment Account'. I retire in a year where there is about 560k in tax deferred accounts to deal with - but not until then.
Vanguard has a Wellesley Income Fund, VWINX or VWIAX, 30/70, higher dividends, and I'm wondering about using that for one of the IRA accounts (150k). The other 50k Ira I'm considering putting into a more aggressive account.
Vanguard also has a couple of nice balanced accounts (60/40) I'm considering putting 100k of the taxable cash in. (68k of the 172k to pay aff mortgage).
In the IRA account, where I have RMDs starting at 3.38%, would it be best to have the money in a conservative or aggressive account if I'm only going to take RMDs?
Income or growth for the cash? We have pensions, and I only want to withdraw 20k a year from the portfolio.
Being new, any thoughts or recommendations are appreciated.
Associated thought/question: on a non-spousal beneficiary IRA, can dividends be reinvested? I know we cannot contribute to the fund and must take the RMDs...
Vanguard has a Wellesley Income Fund, VWINX or VWIAX, 30/70, higher dividends, and I'm wondering about using that for one of the IRA accounts (150k). The other 50k Ira I'm considering putting into a more aggressive account.
Vanguard also has a couple of nice balanced accounts (60/40) I'm considering putting 100k of the taxable cash in. (68k of the 172k to pay aff mortgage).
In the IRA account, where I have RMDs starting at 3.38%, would it be best to have the money in a conservative or aggressive account if I'm only going to take RMDs?
Income or growth for the cash? We have pensions, and I only want to withdraw 20k a year from the portfolio.
Being new, any thoughts or recommendations are appreciated.
Associated thought/question: on a non-spousal beneficiary IRA, can dividends be reinvested? I know we cannot contribute to the fund and must take the RMDs...
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