Need advice on managing my Traditional IRA

AI Summary

Author plans to allocate $80k of IRA cash into VOO and SPYI for long-term compounding and income generation.

VOO — LONG Author plans to allocate $60,000 of IRA cash to VOO for long-term compound earnings. The mechanism is compounding of broad U.S. equity index returns over a retirement horizon.

I’d like to put 60k into VOO

SPYI — LONG Author plans to allocate $20,000 to SPYI to build an income-generating position over the next 20 years. The mechanism is recurring income generation within the IRA.

my reasoning for buying SPYi is to get that income generating machine built up over the next 20 years.

Score 1

Comments 35

▶ Full Post Text

Ideas

u/McNastyNizzle Reddit r/Bogleheads

Long VOO for long-term compound equity returns

Author plans to allocate $60,000 of IRA cash to VOO for long-term compound earnings. The mechanism is compounding of broad U.S. equity index returns over a retirement horizon.

u/McNastyNizzle Reddit r/Bogleheads

Long SPYI for income generation over 20 years

Author plans to allocate $20,000 to SPYI to build an income-generating position over the next 20 years. The mechanism is recurring income generation within the IRA.

▶ Full Post Text

Ideas

More from Reddit — r/Bogleheads