I wanted to see what the wise investors here would do in this scenario. I have ideas but there is more experience here then what I have.
Retired at 58. I have 420,000 in a 457 account that is not needed for paying bills however I would like to pull $2000 a month, $24,000 annual from it for the next 15 years for extra spending and/or stick in cash account. The remainder would be left for long term health care, if needed after RMD's.
What investment mix would be good for this scenario if you want the account to keep growing and safe enough to pull the $24,000 annual for 15 years?
What's your thoughts?