Fodus
Confused about dryer sheets
58 y/o Tired and scared of "managed account" results
We are 3 years post selling our business of almost 30 years. Children all grown and gone, and debt free. Now we want to travel in our (new to us) Airstream full time. We are facing the reality that we have to not only manage our lifestyles but our retirement funds as well if we don't want to have to go back to work. Our "managed" portfolio is ready for an overhaul if we expect any gainful and lasting results. Our assets include a small commercial building, rental house, and residence. All paid for and unencumbered. Real estate assets currently assessed @ $836,000. Income from rentals and business sale should bring in $103,800 but is not paid consistently and loan to buyer is currently in default. We have $92,000 in annual expense but a good portion of this is discretionary
We have $926,747 in a managed portfolio (14% cash, 74% stocks, 1% fixed rate securities, 1% fixed income securities, 7% open end mutual funds, 2% closed end mutual funds). We have another $68,000 in cash for investing in an unmanaged account. We like the Rational Investing Portfolio found in "Live More, Work Less" but are having trouble getting off the bench and doing it ourselves! We look forward to meeting others and sharing their experiences, strengths, and hope that we'll do more than break even and our nest egg with carry us through to the end.
Hope that's not too much information but in the directions for introductions it said it would be helpful to let others know more than just where we are from!
We are 3 years post selling our business of almost 30 years. Children all grown and gone, and debt free. Now we want to travel in our (new to us) Airstream full time. We are facing the reality that we have to not only manage our lifestyles but our retirement funds as well if we don't want to have to go back to work. Our "managed" portfolio is ready for an overhaul if we expect any gainful and lasting results. Our assets include a small commercial building, rental house, and residence. All paid for and unencumbered. Real estate assets currently assessed @ $836,000. Income from rentals and business sale should bring in $103,800 but is not paid consistently and loan to buyer is currently in default. We have $92,000 in annual expense but a good portion of this is discretionary
We have $926,747 in a managed portfolio (14% cash, 74% stocks, 1% fixed rate securities, 1% fixed income securities, 7% open end mutual funds, 2% closed end mutual funds). We have another $68,000 in cash for investing in an unmanaged account. We like the Rational Investing Portfolio found in "Live More, Work Less" but are having trouble getting off the bench and doing it ourselves! We look forward to meeting others and sharing their experiences, strengths, and hope that we'll do more than break even and our nest egg with carry us through to the end.
Hope that's not too much information but in the directions for introductions it said it would be helpful to let others know more than just where we are from!
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