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Posted on 4/1/15 at 9:14 am to jlu03
Not giving advice, but to answer what would I do in general in the circumstances provided:
250k in Vanguard Equity Income.
150k in Vanguard REIT
Let it grow for now.
When you want to tap it, take out the dividends.....reinvest the capital returns.
Sit back and enjoy.
You'll have ~10,000 a year that will increase at a faster rate than inflation over time, as well as a egg to pass on/ tap into in a long retirement after other assets are exhausted.
250k in Vanguard Equity Income.
150k in Vanguard REIT
Let it grow for now.
When you want to tap it, take out the dividends.....reinvest the capital returns.
Sit back and enjoy.
You'll have ~10,000 a year that will increase at a faster rate than inflation over time, as well as a egg to pass on/ tap into in a long retirement after other assets are exhausted.
This post was edited on 4/1/15 at 9:18 am
Posted on 4/1/15 at 9:16 am to jlu03
Down payment on a car, keep working to get car paid off with day job and she can get max SS
Posted on 4/1/15 at 9:16 am to jlu03
quote:
she is thinking about buying a new car.
Duck!
It's certainly worth having a reliable car, but "new/fancy" car should be a low priority.
With no debt, she is well positioned to put the 400k to work as retirement income. If she has 3 kids, that's a major consideration (college, health, etc) as well as retirement.
It's probably wise to speak to a professional in this case. Too many moving parts in this scenario to offer specific advice.
ETA:
quote:
she can get max SS
This is another good point. Holding out to max SS is usually a good idea, and this windfall shouldn't be used as an excuse to retire early.
This post was edited on 4/1/15 at 9:20 am
Posted on 4/2/15 at 5:50 am to jlu03
quote:
she is thinking about buying a new car.
While a new car would be nice, look into a late model, low mileage vehicle.
One usually takes a huge hit in depreciation on a new vehicle in the first year.
There are exceptions though but that is the general rule.
A new car will run $35-40K, whereas a good late model with low mileage will run $15-20K.
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