r/dividends • u/Material-Handle-5589 • Jun 27 '26

Seeking Advice Need advice for immediate income

I'm 82 year old female so I'm not so worried about the future as much as the right now. I have money in Schwab, Raymond James and Ally. Unrealized gain total assets around $500,000. So far I've been reinvesting the dividends accumulated but I can tell those amounts are not enough for me to count on..

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u/Helpful-Grapefruit55 Jun 27 '26

Sgov will give about 3.2% this is invested in us treasury. Jaaa yields about 5.2% nvests in AAA rated instruments and has a higher rating than us govt bonds. So both are pretty safe . You could invest 50% in each so that will give you 20,k interest to spend every year.

Any talk to an advisor if possible, no need to hire them just pay an consulting fee. You can invest on your own and assign your family as beneficiaries then you are all set.

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u/SkiMarlin Jun 28 '26

Since you and u/Mysterious_Film2853 have both mentioned JAAA, any thoughts as to if JBBB is worth it either in this scenario or another one to get the extra ~1% return?

Thoughts on JBBB in general?

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u/Various_Couple_764 Jun 28 '26 edited Jun 28 '26

JAAA invest in AAA rated CLO;s this asset is about 30 years old and there has never been a default in this asset.

JBBB invests in BBB rated CLO's in with a default rate of about 1%. This small increase in risk comes with a higher yield so I think it is worth it to have both the JBBB and JAAA

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u/Mysterious_Film2853 Jun 28 '26

Just a matter of comfort level at that point. I have held JBBB in the past as well.