Connect with us

Hi, what are you looking for?

Jewish Business News

Life & Style

How To Get $3, 000 A Month In Retirement

This story appears in the August 17, 2015 issue of Forbes.

Old people,   couple ,   dance Retirement emotional-50309_640
Do you need a steady flow of cash from your portfolio? Vanguard has a pretty good deal for you. I have a better one.

The product Vanguard wants you to buy is its Managed Payout fund. This cocktail of stocks, bonds and commodities delivers a nice monthly distribution–a bit more than $3, 000 a month on a $1 million stake.

Dividend and interest yields are pretty meager these days, so in order to come up with your monthly check Vanguard has to sell off a few securities. Offsetting these asset sales is the appreciation on the stocks, in which the fund is a net 63% invested…

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

For the full story,   Click here

Forbes Real Time by William Baldwin

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.