I’ve been debating whether to move my more risky investment into Vanguard Wellesley Income Fund Admiral Shares which will is and will be my income fund in retirement. So here is what I have right now:
VWIAX. $1,010,000
American funds 2030. 525,000
American funds 2040. 225,000
Fidelity 500 Index Roth. 18,000
Bank Cash. 145,000
Transamerica annuity/IRA 220,000
Transamerica annuity/IRA 120,000
Both IRA annuities earn 4.5% forever until they are annuitized.
No debt. I’m nearly 65 retired but the plan is to take SS at 70 which will pay out around $4800 monthly. Wife is nearly 61 and still working 3 days weekly. She will retire and take SS at 62 ($2200 monthly).
So my thought is should I move the $225,000 from the 2040 target date fund into VWIAX? The 2040 target date fund is 90% stocks with an emphasis on technology and has done well the last year plus. It’s my only “growth” fund. However I’m thinking VWIAX will start shooting up once rates start going lower and also the more shares I have the more dividends that are paid. The dividends paid counterbalance the amount I’m pulling monthly currently and into the future.
Also all the above holdings except the cash and the Roth are accounts where taxes need to be paid. All were $ derived from old 401ks and are traditional IRA dollars.
VWIAX. $1,010,000
American funds 2030. 525,000
American funds 2040. 225,000
Fidelity 500 Index Roth. 18,000
Bank Cash. 145,000
Transamerica annuity/IRA 220,000
Transamerica annuity/IRA 120,000
Both IRA annuities earn 4.5% forever until they are annuitized.
No debt. I’m nearly 65 retired but the plan is to take SS at 70 which will pay out around $4800 monthly. Wife is nearly 61 and still working 3 days weekly. She will retire and take SS at 62 ($2200 monthly).
So my thought is should I move the $225,000 from the 2040 target date fund into VWIAX? The 2040 target date fund is 90% stocks with an emphasis on technology and has done well the last year plus. It’s my only “growth” fund. However I’m thinking VWIAX will start shooting up once rates start going lower and also the more shares I have the more dividends that are paid. The dividends paid counterbalance the amount I’m pulling monthly currently and into the future.
Also all the above holdings except the cash and the Roth are accounts where taxes need to be paid. All were $ derived from old 401ks and are traditional IRA dollars.
Statistics: Posted by Houdini563 — Sun Sep 01, 2024 10:29 am — Replies 0 — Views 90