Thought I would start a thread to look for opinion, thought, discussion on using TSLA to generate a pool of cash to then use to invest for generating income for retirement. This income would supplement our S/S payments and wife's pension.
Specifically looking for general ideas for me (or anyone else) to research and perform due diligence on.
All of my TSLA is in an IRA (I have a Roth with 315 shares and the balance in a regular IRA with approx 1600 shares.)
My timeframe for retirement depends on the value of TSLA and a potential rate of return on the cash after sale of the stock.
(Initial thoughts of 1.2m to 1.5m @ 4% pretax would work great for us)
Thank you, Mark.
Specifically looking for general ideas for me (or anyone else) to research and perform due diligence on.
All of my TSLA is in an IRA (I have a Roth with 315 shares and the balance in a regular IRA with approx 1600 shares.)
My timeframe for retirement depends on the value of TSLA and a potential rate of return on the cash after sale of the stock.
(Initial thoughts of 1.2m to 1.5m @ 4% pretax would work great for us)
Thank you, Mark.