10 Funds To Retire Today; $6,000 Monthly Income

Jan. 11, 2025 8:00 AM ETAAPL, ABBV, AMLP, APD, AVGO, BLK, BMY, EPD, ET, GOOGL, JEPQ, JFNIX, KO, LMT, META, MSDL, MSFT, NVDA, PAA, RNP, SCHD, SHW, SUN, UTG, XLB29 Comments
(27min)

Summary

  • This article is focused on retirees and income investors who want to generate a passive income that is relatively reliable and consistent.
  • The income is important, but it does not have to come at the cost of growth. We need growth to beat inflation and unforeseen circumstances of the future for many decades.
  • We present a portfolio of 10 funds that is highly diversified with nearly as many different asset classes. The portfolio offers a 7% plus yield and roughly $6,000 monthly income based on a $1 million portfolio.
  • Looking for a portfolio of ideas like this one? Members of High Income DIY Portfolios get exclusive access to our subscriber-only portfolios. Learn More »

Businessman hand stacking coins with virtual increasing graph and percentage for Business investment profit and deposit dividend saving growth concept.

Dilok Klaisataporn/iStock via Getty Images

Introduction:

To earn a decent income from your savings has been a challenge for retirees for the past two decades. For almost a decade, the interest rates remained either zero or near zero. Only recently, in the last couple



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This article was written by

Financially Free Investor is a financial writer with 25 years investment experience. He focuses on investing in dividend-growing stocks with a long-term horizon. He applies a unique 3-basket investment approach that aims for 30% lower drawdowns, 6% current income, and market-beating growth on a long-term basis and he focuses on dividend-growing stocks with a long-term horizon.

He runs the investing group High Income DIY Portfolios which provides vital strategies for portfolio management and asset allocation to help create stable, long-term passive income with sustainable yields. The service includes a total of 10 model portfolios with a range of income targets for varying levels of risk, buy and sell alerts, and live chat. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABT, ABBV, CI, JNJ, PFE, NVS, NVO, AZN, UNH, CL, CLX, UL, NSRGY, PG, TSN, ADM, BTI, MO, PM, KO, PEP, EXC, D, DEA, DEO, ENB, MCD, BAC, PRU, UPS, WMT, WBA, CVS, LOW, AAPL, IBM, CSCO, MSFT, INTC, T, VZ, CVX, XOM, VLO, ABB, ITW, MMM, LMT, LYB, RIO, O, NNN, WPC, ARCC, ARDC, AWF, CII, CHI, DNP, PEO, USA, UTF, UTG, RFI, RNP, RQI, EVT, EOS, FFC, GOF, TLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The information presented in this article is for informational purposes only and in no way should be construed as financial advice or recommendation to buy or sell any stock. The author is not a financial advisor. Please always do further research and do your own due diligence before making any investments. Every effort has been made to present the data/information accurately; however, the author does not claim 100% accuracy. The stock portfolios presented here are model portfolios for demonstration purposes. For the complete list of our LONG positions, please see our profile on Seeking Alpha.

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