Q: My husband and I both turn 71 this month and we have started withdrawing IRA funds. We have almost $400,000 at Vanguard Plus and about $150,000 in bank CD’s. Where do you suggest we put the Vanguard money? I was thinking maybe a Dividend index fund.
A: It is impossible for us to give specific fund advice without knowing your situation better. The Vanguard Dividend Appreciation Index is a good index for clients who are looking to buy dividend paying stocks that increase their dividends over time. Perhaps you can take a look at it and see if it complements your portfolio. We offer a free one hour consultation, so if you ever want to set up a time to meet with one of our advisors just let us know. After reviewing your situation we can offer a bit more support.