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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7840)	8/10/2024 11:00:55 AM
From: SoCalGal	Read Replies (3) \| Respond to of 22229

I'm comfortable bumping it up to maybe $125k to $130k right now, if that is possible, and then developing a plan to slowly raise the yield over time, if circumstances continue to warrant it. I don't need the income immediately, and as indicated, this will be the last account to be accessed. I'm pretty sure I can make it another year and possibly two before having to access it.

To: chowder who wrote (7840)	8/10/2024 11:09:43 AM
From: SeeksQuality	Respond to of 22229

Agreed... If SoCoGal is okay with the idea, I would suggest an immediate move to 6% ($140k income) followed by a year to reassess. The 6% might or might not end up being the right number, but missing by 1% for one year is a very minor matter (and well covered by the $350k set-aside). Situations clarify over time, so the need may be clearer a year from now than it is today. And as you say, moving from 5% to 6% is a much smaller move than jumping immediately to 7.0% or 7.5%.