Re: Advice/Ideas for investing a large amount of money?
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What are your income requirements? Say you use Vanguard's intermediate term tax-exempt bond fund, which currently yields 3.77%. If your numbers are accurate, this will generate $1.3M per year in tax-exempt income without touching your principal.
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This is true for the first year, but using a high percentage in bonds (80-100%) means that your income stream is not going to grow with inflation. Even if you want to be extremently conservative, you probably want 30-40% in stock funds diversified throughout the world.
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I found "The Four Pillars of Investing" by William Bernstein [...] to be easy to understand and highly instructive introductions to investing that I'd strongly recommend.
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Great book - one of my favorites.
-Tom
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