[Mark]

Leave it invested and sell what u need for income

[David]

If I may ask, how old are you? And also, do you need 7k per month of income or do you need 7k per month after tax cash to cover expenses?

I suspect the later, based on your post, so yielding 7k from your portfolio won’t cover it after our favorite Uncle takes his cut.

[Marc]

Looks like you need a yield of 3.5% to get buy. SPYD has a dividend greater than that…That’s an option.

[Amy]

Blue chip dividend stocks. Stuff that never cuts the dividend, never fails to pay. Harvest the dividends for income.

[Watson]

7k in expenses, ouch. Maybe focus on expenses. Like what is your fixed/semi-fixed costs?

I’m in Pennsylvania and that 7k is almost triple my expenses.

I’d keep mine in VOO, VTSAX, and or in my dividend portfolio.

I’d peal off 1 years worth for emergency in high interest account.

Try to get it to double by putting my excess in there.

[Rob]

I don’t plan on doing anything different, so it’ll stay invested within a Total Stock Market fund or single stocks I’m in right now.

[Scott]

I keep about 18 mos in cash, so I don’t have to sell during a recession.

I refresh that cash with stop orders.

[Heather]

In a few passive income investments. My favorite right now is water distribution and agriculture.

[Dave]

30 year treasuries are yielding and 4.3%
So that’s about 100k/yr
Which should meet your requirements

[Ian]

I might do a bond ladder for 1-3 years worth of living expenses (300k in your case) so I would have somewhere to pull consistent cash during a recession, and keep the rest invested in stocks.

[Jose]

7k in expenses. Sounds like you have a mortgage. Which means you have debt.

Is the 6 months covering that mortgage for the year. Is there another house that has a mortgage.

Also, your ago factors heavily into the equation, which wasn’t given.

Don’t know how people are offering advice without having that info

[Author]

Posts