Hi, my wife and I will be retired in a few months. We have no debt, own our home, and have a 0% car loan for 25,000.
My wifes S.S. will be 2400.00 and mine will be 1200.00 per month. I have an pension of 1385.00 per month from my company.
We have 550,000 to invest in vanguard funds, and need at least 3% over the long term.
I have been reading about investing for along time, it gets so confusing. Our cash has been through the tech bubble, 911, and the 2008 diaster.
We have little tolerence for risk. She is 66, and I am 62. I would like to know, what would be wrong with putting most of our cash in the Wellesley
income fund and sit back and enjoy life. I like the dividend paying stocks, and the average length of the bonds, and the mix between treasuries and corporate.
Thanks for any thoughts