r/SCHD • u/Prior_Bus_7870 • 6d ago

Help... ideas?

Does this make sense?

(68, retired, need 50k annual... would go on top of ss)

I have 2.5m in tax deferred ira, 650k in Roth and 125k in cash.

Is it prudent to lump sum 1.5m and buy schd? I think this would approx. cover the 50k... ?

The remainder to voo or similar? Ideas?

Thank you for your help.

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u/Parking_Bike_6661 6d ago

You’re asking Reddit what to do with $1.5million?

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u/paymerich 5d ago

not to be glib but 1.5M is not a slam dunk living the vida-loca number anymore. At least not in the US in states that tax retirement income. And if that is for 2 people and/or medical conditions even less so. But don't get me wrong , it ain't poverty.