laurencegoldman
Confused about dryer sheets
- Joined
- Nov 28, 2015
- Messages
- 3
Hi y'all,
I'm a 69 yr old retiree who's been living on a 700K active adviser portfolio since 2003. I've just had a rude awakening. The portfolio decreased to 580K since 10/2014. I fired the adviser, and , in spite of survival fear, I've been doing a crash course in DYI investing.
I'm planning the following:
1. Purchase an immediate annuity for 268K, paying $1600/month for life. My expenses budget to $1400/month baseline. I'll have 600/month Social Security on top.
2. With the remaining 300K:
a. Purchase a lazy portfolio and apply up to 5% variable withdrawl rate of ACCOUNT BALANCE as needed.
OR b. Purchase a 20-30 stock Dividend Aristocrat Portfolio and supplement from dividends, re-invest extra.
I'd love to hear your feedback. I've been reading "Seeking Alpha" and have been toying with doing b. above with 200k, and trying to squeeze some high yield out of 100K
What do you think? Thanks in advance,
Laurence
I'm a 69 yr old retiree who's been living on a 700K active adviser portfolio since 2003. I've just had a rude awakening. The portfolio decreased to 580K since 10/2014. I fired the adviser, and , in spite of survival fear, I've been doing a crash course in DYI investing.
I'm planning the following:
1. Purchase an immediate annuity for 268K, paying $1600/month for life. My expenses budget to $1400/month baseline. I'll have 600/month Social Security on top.
2. With the remaining 300K:
a. Purchase a lazy portfolio and apply up to 5% variable withdrawl rate of ACCOUNT BALANCE as needed.
OR b. Purchase a 20-30 stock Dividend Aristocrat Portfolio and supplement from dividends, re-invest extra.
I'd love to hear your feedback. I've been reading "Seeking Alpha" and have been toying with doing b. above with 200k, and trying to squeeze some high yield out of 100K
What do you think? Thanks in advance,
Laurence
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