Any and all input appreciated-retired and need inheritance advice

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k1mccardell
Posts: 8
Joined: Fri Aug 12, 2016 2:13 pm

Any and all input appreciated-retired and need inheritance advice

Post by k1mccardell » Thu Oct 05, 2017 10:05 am

Hi Boglehead folks - I've written only 2x previously and received such kind, solid suggestions/advice. Can I give you an update for more feedback?

single 64 retired from teaching in Pa - $3,000 mo. pension. Not taking SS until 66 (at least)
Own my home, my car, pay my credit card in full each month.

Presently have the following investments/savings:

VGHAX: 110,000.

Moved a 403(b) to Vanguard in spring 2017 now in VBIAX: 407,000.
IRA in VGHAX: 130,000.
Roth IRAs: VGHAX: 14,000. and VWIGX: 8,600.

Savings in Capital One 360: money market and CDs 172,000.

My mother passed this summer and I have and inherited IRA from her VWINX: 9,000. I know I must take RMDs

I'm fortunate enough to be receiving shortly roughly another 200,000.

May I have feedback on how to invest, what to shuffle, where to go from here? So many thanks for suggestions/options. Appreciated!

aristotelian
Posts: 3140
Joined: Wed Jan 11, 2017 8:05 pm

Re: Any and all input appreciated-retired and need inheritance advice

Post by aristotelian » Thu Oct 05, 2017 10:22 am

You might read the Getting Started Wiki and the Bogleheads Guide book. Most of us advocate starting with total market indices (VTSAX and VBTLX) rather than concentrating risk in a single sector. Target Date or Lifestrategy all-in-one funds would also be good options to consider.

Personally I would just cash out the $9k rather than mess around with RMD's in perpetuity. You will not be able to combine that $9k with the $200k if the expected inheritance is coming from another benefactor.

JBTX
Posts: 1651
Joined: Wed Jul 26, 2017 12:46 pm

Re: Any and all input appreciated-retired and need inheritance advice

Post by JBTX » Thu Oct 05, 2017 10:33 am

It may be helpful to write out the fund names for those of us who haven't memorized ticker symbols.

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