investment for income

Jackthedog

Check out the works on shares etc by Rodney Hobson..easy reading and clear

Audaxer

bostonerimus wrote: »

Where has your 150k come from and where is it now? How old are you both and how much annual income do you need and when do you need it; now or in say 10 years? Do you have income sources like pensions, state pension or disability benefits. Do you own your own home?

An IFA might be useful to you, but you should also take some time to educate yourself by reading through this website and also looking at some books. Take a look at the videos in this series too. They explain some basics pretty well. When deciding what to do with your money never do anything that you don't fully understand, be a bit cynical and remember you are in control - don't take advice without double checking and you can always run it by the folks on this forum.

https://www.youtube.com/watch?v=_chiIIxMGl0

Good video which I hadn't seen before. As the OP is looking for regular income from a lump sum of £150k, maybe index trackers isn't the best way to go. He could drawdown up to 4% of the value per year, but for some years there will not be much if any growth, like my VLS funds over the last year. So a bit more stressful if you need regular income. Active multi asset income and growth funds that yield about 4% maybe worth considering like for example the Artemis Monthly Distribution fund.