42, $6m, wondering about cash and income
Hi, cross-posting from Chubby, as I know this community has some expert investors. Let me know if not appropriate, please.
I'm wondering what to do with $360k cash. I left my job at the beginning of this year. I *think* I have enough income from dividends and a rental property, but it's still fresh and I'm nervous. I'm US based with no state income tax.
Taxable accounts (I'm not considering tax-advantaged accounts here, as I can't access them for a while):
- VTI $2.7m
- VXUS $1m
- VGT $200k
- SCHD $800k
- Cash / money market funds $360k
Real estate:
- $810k house with $644k mortgage ($4k per month)
- $1m in equity in another properly generating $3400 per month (can't sell it at the moment)
Estimated minimum annual spend around $100k.
Health insurance is through wife's employment currently. Her income covers her needs, but I pay for all general expenses.
What would you do with the $360k cash? How much to keep as cash for spend / emergencies? Some options I considered for the rest:
- SCHD for more dividends
- VXUS for more international exposure
- AVUV for small caps
- or just put it in VTI
Any other suggestions welcome.
Thanks!