Author Topic: Newbie needs help  (Read 1803 times)


  • 5 O'Clock Shadow
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  • Posts: 2
Newbie needs help
« on: February 03, 2017, 12:10:03 PM »
My wife and I retired last year I'm 63 and my wife is 62. We are living off our savings and that should last us at least 4 more years. We have IRA's in with an adviser and there have been some things that happened(or didn't happen), that we have decided to pull away from him and manage our money ourselves. I've done a lot of surfing and I'm thinking that Vanguard products look like the way to go. We have approx. $1.2 million to move and I'm looking for advice as to which products and how to split them up. We can live fairly comfortably on $35,000-$40,000/year(net) and plan on collecting ss at age 66 or 67.

Thanks in advance for any and all help with this,



  • Handlebar Stache
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  • Posts: 2136
  • Location: Cleveland
Re: Newbie needs help
« Reply #1 on: February 03, 2017, 01:02:35 PM »
This is a good place to start:

Basically, move your retirement funds to somewhere like Vanguard and invest it in index funds. Before you do though, figure out your risk tolerance, and what asset mix you want. Stick to your plan, and you should be golden.


  • 5 O'Clock Shadow
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  • Posts: 71
  • Location: Washington, DC
Re: Newbie needs help
« Reply #2 on: February 03, 2017, 01:03:27 PM »
Congratulation on the retirement.  The general consensus on here is usually to checkout the very well done JLCollinsNH stock series, with particular emphasis on "Part V: Keeping it Simple, Considerations and Tools" and "Part VI: Portfolio Ideas to Build and Keep Your Wealth."

tl;dr: Find a mix of Total Market and Total Bond (maybe with some Total International if you'd like) that suits your risk tolerance.


Wow, a phone plan for fifteen bucks!