How to Generate More Retirement Income With $760K in Savings
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Reader has $760,000 in savings and earns $10,000/month from Social Security and pensions. Currently investing heavily in CDs.
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CD rates are good now but may not last. Need to consider required rate of return and not lock up too much money.
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Should diversify with stocks, bonds for long-term goals to fight inflation. Money markets good for short term.
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No one investment will guarantee income for long retirements. Need diversification to handle taxes and inflation.
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Consider working with financial planner to generate more retirement income and feel secure.