My mom just retired. She’s 62 and worked in healthcare. My parents aren’t loaded but they’re disciplined.
Net worth is a little over $1.5MM.
They don’t spend much and mortgage has been paid off for 20+ years.
She has a little over $400,000 in retirement and now that she isn’t an employee she’ll start getting whacked on fees. So she’s going to do a direct rollover and asked me for some advice.
My dad is still working and my mom will get paid to watch nieces and nephews, but she might need to access $1,500 a month.
So I’m trying to get about that in dividends so we don’t have to keep selling positions.
Here’s what I came up with while trying to keep it fairly simple.
Curious on any thoughts or positions you would swap out for the ones I have below?
Not wanting to have exposure to crypto or any high paying dividends with big nav erosion (yieldmax, etc)
Income funds to get close to $1,500 a month
QQQI $60,000
JEPI $30,000
PIMIX $10,000
Growth/investing:
VTI $75,000
QQQ $75,000
FBGRX $25,000
VXUS $50,000
VOT $50,000
SCHD $25,000