The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: Octotat on April 24, 2017, 08:22:06 AM
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Hey all,
I am planning to FIRE next year, and I currently have a lump sum of cash (approx 100k) that I want to invest for income. I'm 52, and plan to retire at 53. I really need this to add to some income until I can start to take out small portions of 401k and IRA investments. My main source of income will be a post-FIRE business with a big ? on what that income will be. I will also be living rent free at the new locations (hotel business) and will have approx 2k / month from my house rental.
Things bouncing around in my head are a single mutual fund (but which one?), several funds, maybe some REITs and bond ETFs. I am hungry for yield, but don't want to risky considering the 7ish year time frame.
Would love some thoughts and ideas.
Thanks,
Octotat
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I can tell you how to get 2.3% in 5 years. Better than that, I only know how to scatter the money around to various accounts that give you good returns (5% plus) on the first portion of your investment and nothing beyond that. Good luck.