| | | Sorry for the delay in responding. I wasn't a member so was limited to 5 responses, but Ron fixed that for me.
I like the idea of the 7 percent or something close to that. I have taken SeeksQuality's suggestion of having cash available to bridge the gap and have liquidated the smaller retirement accounts of roughly $130k and will invest them in short term CDs. I will be adding another $20k to one of them shortly, so that will be $150k. I also have about $200k in a taxable brokerage account. Under a best case scenario, this might cover 2 years of expenses, but I doubt it will. We're getting hit hard by inflation, especially with regard to insurance, apartments for kids and health care expenses, and I expect that to continue to be an issue even if inflation in general stabilizes.
I'm really looking for peace of mind that my 401k can cover most expenses. With some a margin of error, I think I would need $200k, but I feel like that may be stretching too much. A 7 percent yield would be about $160,000 and I think I could live with that given the cash available to bridge that gap and availability of social security in 2 years.
Also, I forgot to mention that I manage one of my mom's accounts of about $900k and have been investing in lower yielding, high quality growth stocks there. She has not touched this account for income and probably will not need to, though as many have said, nothing there is guaranteed. In any event, I feel like it gives me the opportunity to balance out my potential future portfolio with less risky stocks.
Here is my portfolio if you or anyone has any thoughts: (I've already made a few changes today based on your suggestions, so MSFT for example is gone and I've invested some remaining cash in CEFs). Thank you and SeeksQuality for all the great thoughts and ideas. It has been really helpful to get everyone's input.
Symbol Value % Portfolio Income
ORI $71,098 3.1 $2,227
O $69,332 3.0 $3,612
PFE $66,207 2.8 $3,895
EVRG $66,026 2.8 $2,891
ENB $65,773 2.8 $4,472
MO $63,350 2.7 $4,924
PM $60,557 2.6 $2,714
KO $59,315 2.5 $1,675
NNN $57,633 2.5 $2,895
ES $57,380 2.5 $2,528
WEC $55,534 2.4 $2,108
MAA $55.411 2.4 $2,128
NEE $55,074 2.4 $1,464
EXR $55,071 2.4 $2,170
AEP $54,617 2.3 $1,971
PRU $54,511 2.3 $2,589
TXN $54,395 2.3 $1,471
BNS $54,299 2.3 $3,639
TU $54,104 2.3 $3,701
ABBV $52,416 2.3 $1,711
DUK $52,392 2.2 $1,943
VZ $51,909 2.2 $3,388
KBM $51,123 2.2 $1,777
CVX $49,160 2.1 $2,210
SO $47,632 2.0 $1,580
AVGO $47,443 2.0 $672
LMT $43,950 1.9 $1,003
MAIN $42,547 1.8 $2,575
AMGN $42,328 1.8 $1,181
TRP $42,261 1.8 $2,714
EOG $41,502 1.8 $1,193
OBDC $35,757 1.5 $3,649
ESS $34,482 1.5 $1,195
SNA $32,510 1.4 $885
PSA $32,021 1.4 $1,212
WDI $30,608 1.3 $3,612
HSY $29,822 1.3 $811
MRK $28,867 1.2 $776
PEP $28,522 1.2 $896
UPS $27,555 1.2 $1,427
HTD $21,499 .9 $1,682
UGI $21,222 .9 $1,357
VICI $21,054 .9 $1,115
PG $20,250 .9 $478
ARE $18,639 .8 $852
HRL $16,944 .7 $597
THQ $13,724 .6 $1,416
ECAT $13,319 .6 $2,875
EOI $12,516 .5 $1,066
EOS $12,254 .5 $1,085
LYB $12,108 .5 $670
BXSL $10,495 .5 $1,081
PAYX $10,455 .4 $329
ARCC $10,440 .4 $977
EXG $10,049 .4 $969
RA $10,032 .4 $1086
IGA $10,017 .4 $1,124
ASGI $9,298 .4 $1,212
ETG $9,236 .4 $791
TFC $8,437 .4 $422
BMY $7,662 .3 $393
NBXG $7,381 .3 $751
ETJ $6,920 .3 $617
RQI $5,960 .3 $454
JAAA $5,069 .2 $326
BDJ $5,009 .2 $408
TYG $4,976 .2 $397
CSWC $4,547 .2 $440
$35k in 1 month CDs average yield of 5.2 percent expiring late August/early September
Total: $2,329,003 $116,304 |
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