Ask Money Talk: Windfall
As an offshoot of our weekly podcasts – and to encourage your participation – we occasionally feature responses to listeners’ questions.
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With low yields on bonds at the outset of 2012 and expectations for gradually rising interest rates in two or three years, some investors are thinking about dividend-paying stocks to generate more income for their retirement, Bob Landaas says.
That’s one of the considerations he suggests to a listener named Bob who requested advice on what to do with a windfall of $75,000 he’s expecting.
The short answer is to determine what you want the money for, the president of Landaas & Company explains. More detailed advice would follow from that. (Please click the audio player above to hear the response from Bob Landaas.)
initially posted Jan. 26, 2012
For What It’s Worth
To learn about the origins of the term “windfall,” please click here.