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Started By
Message
Just retired and need to do something with my 401k any suggestions
Posted on 7/2/17 at 3:50 pm
Posted on 7/2/17 at 3:50 pm
Age 61 and single
House is paid for
One rent house near LSU paid for
Deferred my pension until I'm 65
What should I invest my money 650 thousand ....in for the long term...
I plan on leaving my estate divided between my 6 sibbling
My rent house I'm leaving to my nephew who lives here..though he doesn't know it
My primary home that i live in now I'm leaving to one sister
Between my pension social security and my income from my rent house I should be ok
I'm taking my pension at 65 and my social security at 66 and four months
What should I invest my 401k now to get some income in till then
House is paid for
One rent house near LSU paid for
Deferred my pension until I'm 65
What should I invest my money 650 thousand ....in for the long term...
I plan on leaving my estate divided between my 6 sibbling
My rent house I'm leaving to my nephew who lives here..though he doesn't know it
My primary home that i live in now I'm leaving to one sister
Between my pension social security and my income from my rent house I should be ok
I'm taking my pension at 65 and my social security at 66 and four months
What should I invest my 401k now to get some income in till then
This post was edited on 7/2/17 at 7:52 pm
15
Posted on 7/2/17 at 4:30 pm to tigers1956
bitcoin
Posted on 7/2/17 at 5:28 pm to tigers1956
U got 650k?
Posted on 7/2/17 at 5:36 pm to tigers1956
Is "long term" ten years from now, or is it estate type planning for the kids?
Rental house paid for?
Rental house paid for?
Posted on 7/2/17 at 6:01 pm to tigers1956
Pay for my med school and I'll marry your daughter
Posted on 7/2/17 at 6:29 pm to tigers1956
quote:
in for the long term...
Define this please. Is this ten years, twenty years, or do you want to leave something significant to someone down the road?
Also think about required minimum distributions. The investment horizon on that is less than ten years away.
Posted on 7/2/17 at 6:35 pm to tigers1956
well if you get a 5% return on your 650, that's only 32500. Can you live off of that for a while?
Posted on 7/2/17 at 7:06 pm to tigers1956
Are you looking for growth or growth with income? Will your pension cover your expenses? Might want to consider S&P or Vanguard index funds
Posted on 7/2/17 at 7:46 pm to tigers1956
talk to fidelity or a fee only planner.
do not talk to:
1. Ameriprise
2. Edward Jones
do not talk to:
1. Ameriprise
2. Edward Jones
Posted on 7/2/17 at 8:28 pm to makersmark1
If you are using Fidelity then check out the Go accounts.
Posted on 7/2/17 at 10:14 pm to MSTiger33
Work at Home Depot for the next 10 years
Posted on 7/2/17 at 10:46 pm to tigers1956
quote:
My rent house I'm leaving to my nephew who lives here..though he doesn't know it
Nice.
Posted on 7/2/17 at 11:26 pm to urinetrouble
Vanguard Wellington - 50%
Vanguard Wellesley - 50%
Vanguard Wellesley - 50%
Posted on 7/7/17 at 8:06 pm to tigers1956
Look at self-directed IRA options to get good returns with no management fees and find a good income vehicle or you could put a percentage of your money in and also diversify your money across different spectrums of the market. Just my thoughts…
Posted on 7/7/17 at 9:39 pm to tigers1956
Give it to me and I'll invest it
Posted on 7/7/17 at 10:52 pm to dkreller
quote:
Give it to me and I'll invest it
shite he could make a ton if he put all that into real estate/rentals. Hell i could make him 65k a year on that money just putting it in some dividend payers.
Posted on 7/9/17 at 12:59 pm to Fat Bastard
Have you ever looked into or thought about a self-directed real estate IRA?
Just curious.
I toyed with the idea several years ago, but the record keeping requirements soured me on it.
Just curious.
I toyed with the idea several years ago, but the record keeping requirements soured me on it.
Posted on 7/9/17 at 1:15 pm to tigers1956
Man, you have an awful lot of personal info posted here on this public forum...
Posted on 7/9/17 at 1:16 pm to Fat Bastard
quote:you talking about dividend stocks?
Hell i could make him 65k a year on that money just putting it in some dividend payers.
Posted on 7/9/17 at 1:45 pm to jimbeam
quote:
Hell i could make him 65k a year on that money just putting it in some dividend payers.
you talking about dividend stocks?
There might be a correlation
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