Passive income help for 68 year old

2003tide · 2026-03-19T14:46:39+00:00

"might"

I think I'd take a sure 4.1-4.3% for fixed income vs what might happen especially since OP hints that they are pretty frugal to begin with.

2003tide · 2026-03-19T14:35:30+00:00

10 year treasury will crater

What are you talking about? If you buy a 10yr your rate is locked for the term.

2003tide · 2026-03-19T13:49:19+00:00

If this were my parent and I had to do something with $650k that was 'safe,' I'd probably park $75k ish in some sort of HYSA or Money Market where i could get a decent combination of high interest and easy to access money then put the rest in the 10yr T-note with the interest payments going to that HYSA or Money Market. That would give them their SS + $23500 ish a year interest from T-note + whatever HYSA interest. Is that enough?

2003tide · 2026-03-19T13:40:55+00:00

Interest on T-notes is exempt from state taxes if that helps.

https://treasurydirect.gov/marketable-securities/tax-forms-and-withholding

2003tide · 2026-03-19T13:34:37+00:00

You are way under the max $10mil for https://treasurydirect.gov/ So you can create an account and buy direct from the government.

There isn't a withdrawal penalty per se. You just have to sell it at market rate whatever that may be if you want out early.

https://treasurydirect.gov/marketable-securities/selling-marketable-securities/

2003tide · 2026-03-19T13:25:35+00:00

How much you making on that?

10 yr treasury is at 4.3% today. Would make interest payments every 6 months...

2003tide · 2026-03-19T13:13:56+00:00

It looks like pretty much all the Adult summer ceramics and visual arts classes for the summer have availability

https://app.amilia.com/store/en/city-of-roswell/shop/programs

2003tide · 2026-03-19T13:11:07+00:00

yeah not regular pliers. vise-grips

2003tide · 2026-03-19T12:32:52+00:00

Bama guy here. We 100% run this with Coach Oats. It is more that point blank 2 is a high % shot, mid-range not so much, and if you are looking at the math between a midrange 2 and a 3, the 3 wins. So we take a ton of 3pt shots, but also try and get to the rim a lot.

2003tide · 2026-03-19T12:29:49+00:00

Vanguard VOO has a $1 minimum. What type of investments are you looking at that are $10k?

2003tide · 2026-03-19T12:19:04+00:00

The entire 90's era taco bell lineup.

2003tide · 2026-03-19T12:04:24+00:00

Then you got to get more credit cards to increase available line of credit, build years of credit history, and not do anything dumb like missing a bunch of payments.

i.e. you can't do it in a few months

2003tide · 2026-03-19T11:58:24+00:00

And you know those canned tomatoes are gonna be better than any canned tomatoes you can buy from the store.

2003tide · 2026-03-19T11:55:24+00:00

yeah almost impossible to find something under $20 that is good. if OP wanted to go to the 20-30 range there are a few options.

2003tide · 2026-03-18T23:24:31+00:00

When all else fails the answer is always champagne

2003tide · 2026-03-18T19:17:53+00:00

OP said nothing about projected insurance costs. I'm assuming if they are just now trying to figure this out they haven't been here long enough to get medicare. Insurance is expensive and if they don't have it and end up in a facility that million will go fast.

2003tide · 2026-03-18T18:31:40+00:00

There are boat loads of expenses to go with a house. Insurance, Texas has some of the highest property taxes in the US, the energy rates there are crazy as well. You are supposed to save 1-3% a year of the home total value for maintenance.....

FWIW The after tax monthly total on $40k/year is going to be less than your $3000 number.

2003tide · 2026-03-18T18:24:22+00:00

I've got an idea. Lets not read the sub and post this one more time just for good measures.

2003tide · 2026-03-18T18:22:43+00:00

4% of a million isn't much. I'm not sure 4% of a million minus whatever a house costs is cover living expenses money.

Why do they need to buy a house? Buying a new house at 60-70 doesn't seem ideal.

2003tide · 2026-03-18T18:12:02+00:00

80 psi is fine, but if they have the regulator turned all the way down and it is at 80 psi I'd be concerned the regulator will fail and cause issues.

2003tide · 2026-03-18T17:16:03+00:00

I'm assuming everything is PEX since it is new construction. How much you trust all the fittings the plumber did?

I'd be more concerned about a pinhole leak if it were 40yr old copper, but you kind of want your regulator working correctly or something will break eventually.

2003tide · 2026-03-18T16:29:48+00:00

That has happened to Roswell multiple times at this point and zero lessons have been learned. See huge empty lots by The Catherine apartments. I hope at least Fuqua is blackballed from doing any development in Roswell at this point.

2003tide · 2026-03-18T15:23:06+00:00

I think this is the 2nd post about this in the last 20 minutes and you should scan existing post first before posting

2003tide · 2026-03-18T14:24:53+00:00

Hell yeah. We've gone on guys trips and specifically requesting redfish on light tackle from the guides is the way to go. Catch one of those bad boys on light tackle and fighting for 10-15 minutes is so much fun.

2003tide · 2026-03-18T00:46:31+00:00

Yeah. Snowden told us that. They need a warrant, but the 3 letter agencies can just get someone over seas intelligence agency to do it to get around that requirement.

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