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Personal Finance and Investing

safeinOhio

(35,987 posts)

3. Might look into investing $500K

Reply to 3Hotdogs (Original post)

Tue Jan 5, 2021, 09:17 AM

Jan 2021

into high quality dividend stocks and cash in 7% of the portfolio every year.

Pretty much what I do and have been retired for many years, only I've been cashing in 3% a year for a very long time. With the growth added to my portfolio. With my yearly withdraws, my original investment has stayed the same. At his age 7 or 10 percent would not hurt.

First I'd talk to a respected broker and run this by him or her.

I have everything paid off so my expenses are low no need to pass lots of it on after my death.

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Annuity... Good or bad? [View all] 3Hotdogs Jan 2021 OP

A single payment immediate annuity Abnredleg Jan 2021 #1

Have him call independent financial advisor. CincyDem Jan 2021 #2

Might look into investing $500K safeinOhio Jan 2021 #3

Remember the word 'fiduciary' flamin lib Jan 2021 #4

An annuity is basically income insurance...... lastlib Jan 2021 #5