This post may be a little long and I apologize, but I really need some advice. I just turned 58, no longer working and will now start to live off savings. Have about $900k saved with expenses $35k-$40k/yr. I have no debt, single, no kids, own home and in good health. I should get about $11k/yr from SS when I decide to file. Presently my portfolio is generating about $10k/yr in dividend income. My portfolio is as follows:
Taxable
Vanguard FTSE All World Except US 8.7%
Vanguard Massachusetts Tax Exempt Fund 3.3%
Vanguard Mid Cap Index 10.8%
Ridgeworth SEIX Floating Rate High Income 3.8%
Vanguard Mega Cap Index ETF 23.8%
Exxon Mobil 3/8%
I Bonds 5%
Roth IRA
Vanguard Total Bond Mkt Index 9.3%
Brown Capital Mgmt Small Company Fund 6.6%
Regular IRA
Doubleline Core Fixed Income 3.3%
Doubleline Total Return Bond 3.3%
Loomis Sayles Bond 4.2%
TCW Emerging Markets Income 3.8%
Cash about 10% in non interest checking account.
I am looking to generate as much income as possible to last rest of my life and would welcome any suggestions. I do have a couple of questions.
Should I put cash in CD ladder or high yield savings account?
Should I increase bond allocation? about 37% at present
Where I have no earned income for 2015, should I convert some of IRA to ROTH.
Again, would welcome any feedback.
Thank you
Taxable
Vanguard FTSE All World Except US 8.7%
Vanguard Massachusetts Tax Exempt Fund 3.3%
Vanguard Mid Cap Index 10.8%
Ridgeworth SEIX Floating Rate High Income 3.8%
Vanguard Mega Cap Index ETF 23.8%
Exxon Mobil 3/8%
I Bonds 5%
Roth IRA
Vanguard Total Bond Mkt Index 9.3%
Brown Capital Mgmt Small Company Fund 6.6%
Regular IRA
Doubleline Core Fixed Income 3.3%
Doubleline Total Return Bond 3.3%
Loomis Sayles Bond 4.2%
TCW Emerging Markets Income 3.8%
Cash about 10% in non interest checking account.
I am looking to generate as much income as possible to last rest of my life and would welcome any suggestions. I do have a couple of questions.
Should I put cash in CD ladder or high yield savings account?
Should I increase bond allocation? about 37% at present
Where I have no earned income for 2015, should I convert some of IRA to ROTH.
Again, would welcome any feedback.
Thank you