Jan 26

We have other sources of income to meet our daily needs.
The IRAs interest is for travel and fun.
We want to safeguard the IRAs principle and growth to pass on to our family as Inherited IRAs.
Our main goal is live off the interest and pass on the IRA to family. I guess we can’t expect growth and income while maintaining no risk to the principle.

3 comments so far...

  • Blue B Said on January 26th, 2010 at 9:51 pm:

    seing as though your retired is “growth” the way you want to go?

  • yorkinvestmentreport Said on January 26th, 2010 at 10:13 pm:

    What is your main goal for the money, live off the interest or pass on to your family? If it is to live off the interest, you should be invested in CDs or very short-term bonds. If its to pass onto your family (and you’re not worried about potentially losing some), then you can go riskier


  • muncie birder Said on January 26th, 2010 at 10:15 pm:

    I hate to be the bearer of bad news, but safety, growth, and income are almost completely mutually exclusive in these days. There are actually many who now believe that the only safe investment is now gold. You can buy that with your IRA under the ticker GLD. I personally am a fan of GOOG, but you can forget about income with that one. For less than average risk and also better than average income, you might select a portfolio consisting of JNJ, KO, MCD, WMT, and PG.

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