I have a windfall coming to me of about $1.5 million.
I need to come up with a plan to allocate the funds. Obviously, I am not going to put it all into the stock market, but will invest in index funds over time. I'm 60 years old and I want to live off the interest. But I won't touch anything for about a year.
Everything will be in Vangard accounts.
I want to put the money immediatley into the following:
Money market funds - VMFSX, VUSXX
CDs - 1 year, 2 year CDs, about 5.3%
I will probably put money into VOO over time. but the market is too bubbly now.
Any advice appriated. thanks
I need to come up with a plan to allocate the funds. Obviously, I am not going to put it all into the stock market, but will invest in index funds over time. I'm 60 years old and I want to live off the interest. But I won't touch anything for about a year.
Everything will be in Vangard accounts.
I want to put the money immediatley into the following:
Money market funds - VMFSX, VUSXX
CDs - 1 year, 2 year CDs, about 5.3%
I will probably put money into VOO over time. but the market is too bubbly now.
Any advice appriated. thanks
Statistics: Posted by Rockbottomdweller — Fri May 17, 2024 11:46 am — Replies 3 — Views 358