Above all, having reached 65, I want to simplify, consolidate, simplify, re-deploy tax-sheltered stuff a bit at a time into non-sheltered investments and simplify, simplify, simplify. And keep it SIMPLE. Just in the last couple of days on this message board, I've read responses to my own questions and other links and articles which make me want to rip my own face off my head. NOTHING should be so complicated as the tax laws we have.
...So: I want to create a TAXABLE account in a good bond fund which pays more than the likes of PRSNX and DODIX. (I own the former, but not the latter. It's in a T-IRA.) I'm pretty happy with my PTIAX, (taxable account) but I don't want to put all my eggs in one basket. I'd love to get over a 4% yield, and prefer monthlies, not quarterlies. I have a MONTHLY few bills. The bills won't wait for my QUARTERLY pay-outs.
DODBX is a (balanced) prospect. I already own PRWCX in T-IRA.
What about Tweedy Browne, do you think?
Our income will be low enough so that we don't need to worry much about uncle sam and the IRS. But income will be high enough to live a good life here in the 50th State, even though EVERYTHING is expensive. We could not do it if my two maiden aunts didn't leave us a buncha money. But the money grew so well also due to the fine advice and direction I received and learned about HERE. Thanks.
The ins-and-outs of the tax code are totally bizarre. BULLSHIT is a word that comes to mind. "I'll just take mine straight, please. No chaser, either."
Anyone want to recommend a few of each for me? Bonds and balanced or pure stock funds? Thanks.