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Personal Finance and Investing

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XanaDUer2

(11,196 posts)
Sun Nov 29, 2020, 03:39 PM Nov 2020

opinions on s&p index fund [View all]

I'm 55 planning on retiring at 62, hoping the age to qualify for Medicare will be lowered to 60 ( fingers crossed). I've been investing in a vanguard index fund about 20 years. I'm a modest investor, hoping to enjoy social Security, a small pension, small annuity, and beneficiary to my SO's small pension. My question is: my 500 index is just regular- I pay yearly taxes on dividends. When I get closer to retirement, is there some type of account I can move the money into to protect it and get a small amount each month?

I guess I could sell it, but I'll probably lose some amount of it.

Has anyone retired with an index fund and how did it benefit you in your retirement?

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