Here is my situation. Single,66 years old semi retired, debt free, collect SS, pension, 2k a month in annuity,total annual income around $70k.
I have ~ $500.000 in stock portfolio managed by Wells Fargo Advisors. The dividends are only $400 a month. I thinks that’s kinda sad :(.
I would like more monthly income. Is it crazy to sell my stocks and invest the money in something that pays 5% interest like a CD ? I’m unsure of the tax implications of such a move . I don’t want to invest in another annuity. What suggestions do you have.
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