I am 55 years old, single, with 1 adult son. I retired fully few years ago, with no debt and modest cash/investments. I’ve had my cash tied up in CD’s yielding anywhere from 3.75-4.15%, and living off the interest. I am a bit confused, and honestly maybe too conservative. Other than my 401k, I have no money exposed to the markets.
I would love to yield some more returns. I have no debt, no mortgage, and my monthly living expenses are about $3-4k right now. I would love to maximize my cash, without being too risky. Frankly, I’m just literate in investment vehicles aside from my CD’s.
Here is my breakdown:
Cash on hand: $1.5M~
401k: $800k~
Assets (1 paid off vacation home abroad): $550k