davemartin88
Full time employment: Posting here.
- Joined
- Aug 26, 2008
- Messages
- 812
I'll be leaving my job at the end of September and starting early retirement. I'll receive just over one year of severance pay and want to invest this separate from my retirement savings and provide an income and delay dipping in to the retirement funds as long as possible.
I estimate my expenses will be about 75 to 80% when I stop working, given I won't be putting 8% of my salary in to savings and other lower expenses. My initial thinking is to invest the money in CD's where it will earn about 4% (ING?) and I should be able to make the money last for about 16 months or so. Health benefits are paid for 12 months and will get benefits through my wife's employer so no worry there.
Any other thoughts on a better approach to have these funds earn more but remain available with minimal risk? Have looked at TIPS and some Vanguard funds but given the short timeframe to use these funds, nothing jumped out at me.
Thanks in advance.
I estimate my expenses will be about 75 to 80% when I stop working, given I won't be putting 8% of my salary in to savings and other lower expenses. My initial thinking is to invest the money in CD's where it will earn about 4% (ING?) and I should be able to make the money last for about 16 months or so. Health benefits are paid for 12 months and will get benefits through my wife's employer so no worry there.
Any other thoughts on a better approach to have these funds earn more but remain available with minimal risk? Have looked at TIPS and some Vanguard funds but given the short timeframe to use these funds, nothing jumped out at me.
Thanks in advance.