On this week’s ;Consuelo Mack WealthTrack: a retirement income special. Highly rated financial planner Harold Evensky, widely respected personal finance expert Jonathan Clements and Kiplinger’s award winning retirement income specialist Mary Beth Franklin explain where to find safer and higher income sources in a low return, high risk world.
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The Employee Retirement Income Security Act was intended to prevent any loss of income in the event you become disabled. Even still, insurance companies often try to deny benefits. If you have been denied contact us at caveylaw.com or 727.894.3188.
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Question by rrsafety: How best to generate retirement income from ,000 in Fidelity mutual funds?
My mom has just retired. She’ll be get annually about k in annuity and pension and another k in Social Security. She has a Fidelity account that has about k in it and its is currently ina Growth type funds. I’m looking for suggesions within the Fidelity Family of Funds that would be good at generating income while keep risk and volatility low. Also, it would be nice if it was tax efficient, too. Any ideas?

Best answer:

Answer by Phatso McJ
I wouldn’t be afraid to have 10% of here contributions in a higher risk fund like Int’l Divers fund.. I would have a portfolio though. Choose 5 or so.. If one does bad then you can have the others back you up.. Split the five funds between 10-30% until you total 100%… You can have a low risk at 40% then split the other 4 at 2 for 10% (High Risk)with two at 20% (Lower risk).

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