Hey folks, I'm looking for some input on the following situation: I wanted to set my parents up with some passive income to control their spending of their retirement money. I was thinking of placing a portion of their retirement savings (~$50k - 75k) in a couple of REITs. Then I assume they can use the monthly/quarterly dividends as a supplement to their fixed income. I figured this might work considering they'd be in a lower tax bracket once they retire. I'm not really looking for much growth, just straight up income. Anyone ever try this? Below are a few points about their current situation.
- Parents plan to retire in 2 years (63 currently)
- Parents have around $150k total in retirement/savings
- Parents will have around ~$2500 in fixed income from Social Security.
- No debts/liabilities/property/health issues
Thanks all!
Submitted July 01, 2018 at 10:31AM by errr_mah_gawsh https://ift.tt/2Nbw8hU
