If you are NOT concerned with retaining the Principle, then you should look
into
the use of an:

Immediate Annuity

If you are NOT familiar with this, it is a annuity that pays you a
Guaranteed
income for (at least) LIFE . Depending on your age, you could receive
anything from
$1,200 to $1,500 a month for as long as YOU live....
Cal Lester CLU


"M.Balarama" <mbalar[at]sbcglobal.net> wrote in message
news:NdSRi.15312$JD.7301[at]newssvr21.news.prodigy.net...
- quote -

On Oct 19, 5:01 am, "M.Balarama" <mba...[at]sbcglobal.net> wrote:
- quote -

Michael,

You could buy a high rated preferred. Generally, they pay
quarterly. You aren't going to get the safety of FDIC insurance, but
there are double and triple-A rated issues that should provide you
with enough piece of mind. Preferreds these days are really 30-year
or longer maturity bonds that are callable anytime after five year.
Usually they are issued at $25 par amount and are listed on the NYSE.
The most important thing to keep in mind that as securities, unlike a
CD, their price will fluctuate with interest rates, credit events,
liquidity, and any other risk associated with bonds, sometimes more so
given the maturity and whether the call is "in the money" or not. You
may be to purchase one that is QDI eligible, where the dividends are
taxed at 15% rather than ordinary income. You can purchase them
through any broakerage firm, but I would suggest dealing with one that
knows tha product well so as to explain all the ins and outs. Hope
this helps.

You should go to a brokerage site like Fidelity.com or Vanguard.com
and look
under the section called "income". These are aimed at the newly
retired who want
to make income from their savings while taking minor risks.
An immediate annuity pays over 6% and higher if you are over 50
(inflation risk).
There are newer "hedge" income funds that contain both long and short
investments
to maintain a premium of up to 3% over treasuries (market risk).
There are high-yield bonds and high dividend stocks which have some
element of market risk.

In article <NdSRi.15312$JD.7301[at]newssvr21.news.prodigy.net> ,
"M.Balarama" <mbalar[at]sbcglobal.net> wrote:

- quote -

Well, it would have been nice to have a bunch more information such
as your age, what other money and income you have, and how much
more you need each month. In the absence of all that, the best
I can suggest is see your financial planner or banker about
income funds. It might be appropriate to put a portion of that
$150K into income funds. Just don't get conned into paying a
big fee or sales commission for doing that.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

I have over $150,000 in CD that gives me 5.3%-I get about $800 a month...I
need the income---like the safe principle--but would be willing to risk
principle for a higher rate paid out at least quarterly..
any idea?/
thanks
Michael