We have $300,000 in cash from the recent sale of a house for my 77 year old mother. The goal for this cash is to yield ~ $1500-1800 of income per month (which may increase yearly to keep up with inflation). Looking for a conservative and simple approach with the goal of preserving capital. My thought was to keep $45K in a money market account, $170K in a total bond market fund, and $85K in a total stock market index fund and rebalance ~ each year or two with the thought of trying to maintain 3 years of cash on hand in the money market account.
Any suggestions or thoughts on thus. I am less familiar with bonds and am not sure if a bond ladder of some sort would make more sense than a total bond index fund.
Thank you,
BE140
Any suggestions or thoughts on thus. I am less familiar with bonds and am not sure if a bond ladder of some sort would make more sense than a total bond index fund.
Thank you,
BE140
Statistics: Posted by be140 — Sat Feb 10, 2024 7:43 pm — Replies 6 — Views 802