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Started By
Message
Where to park
Posted on 1/9/26 at 3:24 pm
Posted on 1/9/26 at 3:24 pm
$500,000 cash, 60 yrs old, what would you do with it?
Confession, have done a poor job of saving and only have equity in home and $120,000 401k. This is my inheritance, so I want growth but moderate risk.
It’s going to be my cut from a farm sale that should happen in 26. 18% cap gains have already been figured into the number.
Thanks
Confession, have done a poor job of saving and only have equity in home and $120,000 401k. This is my inheritance, so I want growth but moderate risk.
It’s going to be my cut from a farm sale that should happen in 26. 18% cap gains have already been figured into the number.
Thanks
10
Posted on 1/9/26 at 3:31 pm to KemoSabe65
Low risk, money market (risk is inflation)
moderate risk, SP500 index
higher risk, everything else
moderate risk, SP500 index
higher risk, everything else
Posted on 1/9/26 at 3:38 pm to KemoSabe65
quote:For how long do you want to "park" the $500,000? Are you parking it for months or years?
Where to park
You say "moderate risk."
Does that mean you would accept having the amount fall below $500,000 while it's parked or no-way you'd be happy if that happened?
Posted on 1/9/26 at 3:38 pm to cgrand
My broker says a 5 yr annuity is paying 8%. That would get me to 65, does this make sense?
Current return on my % of the farm is returning less than 2%. I can’t live with the fact that I can triple my annual return by selling and investing.
Current return on my % of the farm is returning less than 2%. I can’t live with the fact that I can triple my annual return by selling and investing.
Posted on 1/9/26 at 3:48 pm to KemoSabe65
Do you really need to sell the farm? If so, metals, commodities and foreign stock fund. Stagflation is on the menu for the decade.
Posted on 1/9/26 at 3:54 pm to cgrand
I second the S&P 500 Index or go with Total Stock Market Index. Fidelity, Schwab and Vanguard all have very low-cost index funds.
Posted on 1/9/26 at 3:57 pm to KemoSabe65
STRC
$500k should mostly keep whole +- a couple percent
~$50k annual income
Currently backed by 30 months of dividend payment cash on MSTR's balance sheet and 75 years of dividend payments via the bitcoin on the balance sheet. Both of those if they don;t raise anyone dollar which we know isn't the case as they are constantly adding to the balance sheet. Also no lock up like CDs or annuities
$500k should mostly keep whole +- a couple percent
~$50k annual income
Currently backed by 30 months of dividend payment cash on MSTR's balance sheet and 75 years of dividend payments via the bitcoin on the balance sheet. Both of those if they don;t raise anyone dollar which we know isn't the case as they are constantly adding to the balance sheet. Also no lock up like CDs or annuities
This post was edited on 1/9/26 at 4:01 pm
Posted on 1/9/26 at 3:59 pm to KemoSabe65
quote:oh my
My broker says a 5 yr annuity is paying 8%
Posted on 1/9/26 at 4:07 pm to KemoSabe65
quote:Annuities pay higher than typical interest rates because of the risk of default they have.
My broker says a 5 yr annuity is paying 8%.
An annuity is an unsecured loan you're making to the issuer of the annuity. If you're comfortable with the company being in business during the life of the annuity, then go for it. And there's no FDIC backing the annuity.
Just remember if the annuity issuer goes belly up you get in line to be paid the scraps of what is left after all secured creditors get paid first. Potentially, your $500,000 could go to $0.00.
Ask your broker who the issuer of the annuity is and then do your own due diligence on the company. Also, what if you want to take money out of the annuity during the term of the annuity, is that allowed and if so, is there an early maturity penalty on the withdrawn amount?
Lastly, annuities are well known for paying the selling broker a high commission for selling the annuity. How much of that commission, if any, comes out of the $500,000 off the top?
This post was edited on 1/9/26 at 4:10 pm
Posted on 1/9/26 at 4:35 pm to KemoSabe65
$500k in HGRAF.
By 2030, you'll either have nothing or you may have $50 million+. Technically, this is money you don't even have now, so you wouldn't be losing anything to find out.
By 2030, you'll either have nothing or you may have $50 million+. Technically, this is money you don't even have now, so you wouldn't be losing anything to find out.
Posted on 1/9/26 at 6:06 pm to KemoSabe65
The risk you are comfortable with taking and the risk you need to take to meet your looming retirement goals are probably not aligned. You could be too safe with the $ and fail to meet retirement needs.
Why does a guy w $120k at 60 need a broker? If he's pitching an annuity he's likely just a salesman. Did he offer any other meaningful courses of action?
How long have you had this inherited property? If not long, doesnt stepped up basis cover most of the capital gain?
Why does a guy w $120k at 60 need a broker? If he's pitching an annuity he's likely just a salesman. Did he offer any other meaningful courses of action?
How long have you had this inherited property? If not long, doesnt stepped up basis cover most of the capital gain?
Posted on 1/9/26 at 9:13 pm to KemoSabe65
quote:
My broker says a 5 yr annuity
quote:
does this make sense?
frick no. are you that financially ignorant?
Posted on 1/10/26 at 12:10 am to KemoSabe65
quote:
$500,000 cash
Just call Fisher and let them manage it.
Posted on 1/10/26 at 2:49 am to KemoSabe65
60 is still young enough to be somewhat aggressive. Maybe 25% in a more aggressive etf like SMH or QQQM
Posted on 1/10/26 at 5:55 am to KemoSabe65
quote:
My broker
You have $120K in a 401K and some home equity.
Why do you have a broker?
Posted on 1/10/26 at 8:41 am to KemoSabe65
I would start with what do you need to be able to retire comfortably and when
Go to ssa.gov and figure out your expected social security.
How much longer do you plan to work?
Are you doing any ongoing 401 k contributions?
What is your 401k invested in?
What might it grow into by the time yoy retire? $200K?
Do you have a pension you will receive?
How does your current monthly or annual income needs compare to your expected needs at retirement?
I do not think you can figure out how you should invest this 500K without understanding how you will need to use it and when.
Be very careful when jumping into an annuity. I am NOT an expert, but I understand they will be glad to sell you one today, and they will be happy to sell you one next week or next year. There is lots of fine print, and the salespeople make out like bandits on commissions. Do not make this kind of contractual move until you have better educated yourself at a minimum.
Go to ssa.gov and figure out your expected social security.
How much longer do you plan to work?
Are you doing any ongoing 401 k contributions?
What is your 401k invested in?
What might it grow into by the time yoy retire? $200K?
Do you have a pension you will receive?
How does your current monthly or annual income needs compare to your expected needs at retirement?
I do not think you can figure out how you should invest this 500K without understanding how you will need to use it and when.
Be very careful when jumping into an annuity. I am NOT an expert, but I understand they will be glad to sell you one today, and they will be happy to sell you one next week or next year. There is lots of fine print, and the salespeople make out like bandits on commissions. Do not make this kind of contractual move until you have better educated yourself at a minimum.
Posted on 1/10/26 at 8:48 am to Grinder
quote:when EF Hutton talks, people listen
Why do you have a broker?
Posted on 1/10/26 at 10:48 pm to cgrand
VOO
Posted on 1/12/26 at 10:22 am to KemoSabe65
Liberty All-Star Equity (USA)
Posted on 1/12/26 at 10:59 am to TheBoo
quote:
Liberty All-Star Equity (USA)
Horrible advice! Closed end fund w .9% expense ratio. Price down over 8% 1yr. Pays 10%+ dividend so very inefficient to hold in taxable brokerage ??
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