What’s the normal % of distinction I could have off of my money.
Like, for e.g. if I had the million bucks, as well as longed for to live off of the interest, how most could I design to get the year?
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depends on what you tell the broker to invest in. Your risk tolerance will dictate your return.
IF you just put a million dollars in a 2% money market savings account you’d get $20,000 per year before taxes.
In the stock market, some years you might get a return of over $100,000 other years your investment may be worth less than the original million.
If you wanted to live solely off the interest you’d need a fixed income investment — like an annuity or CD.
At least $45,000.
That kind of income is easily attainable with a diversified (and still conservative) bond portfolio and still leave room for some dividend paying stocks for growth.