investment advise please about small ira account with Vangu
Hello all,
I am hopping for contact with the person, who is in similar situation to mine, and has
experience with investing, and doesn't mind to share advice .
I am 70 years old . Never did any investing before.
I have about 80k in traditional Ira with Vanguard.
All money sits in Money Market, what does nothing, and inflation is eating them .
Due to extending the limit age of taking RMD s, I would like to invest the money in some
stocks& mutual funds , ETFs.
I still want to add 14k to this account and start to withdraw when RMD will be mandatory.
I would like to be able to withdraw 2k a month for 4 or 6 years.
I need this time to move to my rental property for 2 years and sell it.
I still will have to pay very high taxes and the association
and my rental income will be gone.
I have only 1000 a month ss, I took it at 62, never looked back.
I traveled the world a lot.
Now Covid stopped it and I am trapped already 1 year in Uruguay waiting for the vaccine
being available. Uruguay is expensive country .
I also want to treat investing now as some sort of training camp.
I will have to do something with the proceeds of sale.
I ask the questions on other forums as well, I got advise to invest in
Vanguard Life Strategy Funds and I am almost there, but I still
would like a second opinion.
What worries me :
1 fee
2 fact that all, VTVX, VSCGX, VSMGX have the same underlying
funds , what about diversification?
3 performers of actively managed funds
The most I would appreciate and like to hear from someone, who is retired, is not necessary a multi
millionaire, and has an account and invests with Vanguard .
thank you very much eva
Sat Dec 26, 2020 9:00 pm
Dankore Preferred Member
Cash: $ 25.20
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Joined: 26 Jun 2017
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