Reported 9 months ago
A couple seeks advice on how to invest their $1 million retirement fund to generate $50,000 annually for expenses. The article emphasizes the importance of understanding financial goals and considering factors like inflation, time value of money, retirement horizon, supplementary income sources, and long-term care costs. Investment options range from annuities and fixed-income assets for maintaining principal to diversified portfolios of bonds and dividend-paying stocks for income growth and spending flexibility. Working with a financial advisor is recommended to make informed decisions in line with retirement objectives.
Source: YAHOO