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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (25872)	11/3/2016 5:06:52 PM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

Market down drafts always remind me of when my sister had her 72T, and how she got hammered by not having her portfolio with an income bias. She was taking $2100 a month = $25,200 annually. She had $800,000. She needed a 3.15% return, but during the "debacle" her advisor had to keep selling mutual funds to get her money every month. He convinced her she had to use her whole IRA account, when he could have split her money into different IRA accounts and only had one set to the 72T, but at this point it is water under the dam. Currently she is withdrawing $1266 a month = $15,192 annually, and has income of $18,625. If I had the original $800k to work with she would really be happy.