re: Large Inheritance at the age of 62, WWYD??

I don't think 5-6% is reasonable at current valuations. Too much risk in those high yielding positions.

She can get 3.5%-4% and be invested in large companies with a very long track record of paying and raising dividends so the income will go up over time (you can average around 4-6% in dividend increases per year).

If she is going to use the money for income and not touch the principle this is the way I would go. She should not worry about the account balance going down or up in the short time frames as over longer periods it should go up with the market.

She should look at it as buying an annuity where she actually gets to keep the principle and it should go up in value over long periods of time.