I am 1 year from ER and need advice where to put $1.5 million to generate income.
We already have $3.5 million in equities, but sitting on too much cash.
DW retired last year at 52 yrs and I will be 60 next year.
We have kept track of expenses for the past year and looks like we need approx 135,000 for annual expenses.
We still have a 15 yr old daughter at home. House is paid for and worth 600k, we also have 1 rental that we generate 700.00 per month profit.
Any advice on where to put the cash would be appreciated.
Sent from my iPad using Early Retirement Forum
We already have $3.5 million in equities, but sitting on too much cash.
DW retired last year at 52 yrs and I will be 60 next year.
We have kept track of expenses for the past year and looks like we need approx 135,000 for annual expenses.
We still have a 15 yr old daughter at home. House is paid for and worth 600k, we also have 1 rental that we generate 700.00 per month profit.
Any advice on where to put the cash would be appreciated.
Sent from my iPad using Early Retirement Forum