Q: I’m retired with 300K cash on the sideline with no required use for living expenses. I want to reach a goal of $1000 per month that you have been talking about so what’s your advice for moving this money into an income ETF portfolio; all at once or dollar cost averaging?
A: I would DCA (dollar cost avg) the money in. However, I wouldn’t take too long. You could probably do three $100k installments over the next 2 -3 months. We have several ETF model portfolios that we manage for clients that are looking for income. If you ever want to come by the office and discuss one of the strategies just let me know.