Hello,
I am 55 years old and would like to retire in 3 - 4 years. By that time my wife and I willl have about $1 million in liquid assets divided among our IRA accounts, savings bonds, cd's and stocks. We have no real estate. Our goal is for that $1 million to generate enough income to provide us with $25,000 per year, plus enough income to maintain the principle against the effects of inflation. We both have very little tolerance to risk. In this environment of ultra-low interest rates is our goal achievable, and if so, what is the optimal investment vehicle, or investment mix?
Thanks!
Robert & Maricel
I am 55 years old and would like to retire in 3 - 4 years. By that time my wife and I willl have about $1 million in liquid assets divided among our IRA accounts, savings bonds, cd's and stocks. We have no real estate. Our goal is for that $1 million to generate enough income to provide us with $25,000 per year, plus enough income to maintain the principle against the effects of inflation. We both have very little tolerance to risk. In this environment of ultra-low interest rates is our goal achievable, and if so, what is the optimal investment vehicle, or investment mix?
Thanks!
Robert & Maricel