Your MIL has $256k in the emergency fund (EF) and portfolio. Based on your comment that the EF of $41k covers 6-9 months of expenses, that means her funds will be exhausted in 3 to 4.5 years.
Based on the above, consider prioritizing preservation of principal over growth for the $256k. Consider turning off dividend reinvestment and selling equities. VUSXX is good. You could also ladder her funds in treasuries.
Has MIL looked at whether renting is cheaper than owning a home? Selling the home would free up $200k+ in equity.
Based on the above, consider prioritizing preservation of principal over growth for the $256k. Consider turning off dividend reinvestment and selling equities. VUSXX is good. You could also ladder her funds in treasuries.
Has MIL looked at whether renting is cheaper than owning a home? Selling the home would free up $200k+ in equity.
Statistics: Posted by HomeStretch — Sun Jul 14, 2024 2:27 pm