I'm a single parent who needs to support two young kids off of my investments for the longterm. I'm not pulling a salary due to health issues, but came into a
healthy amount of money unexpectedly last year. A good part of this money went to securing housing and the rest went into an investment account.
This is where I'm looking for advice: I have an advisor who is managing my portfolio, but I've also seen its value drop now somewhere in the high 6 figures in 6 months.
I'm in my mid-40s and rely on this money for longterm survival and my children's college tuition in 10 years. Do I sell off, suffer huge tax consequences, and dump the remainder into a bloated checking or savings account? I'm at a loss for what to do and entirely clueless aka terrified. I feel like I'm driving blindfolded. Thank you for any and all advice.
Leave a Reply