Q. I wanted to know your thoughts over using a portion of my savings for a “fun” account. I am 57, retired from CSRS, debt-free with no children and a spouse who has a defined benefit pension that would cover her expenses independently.
I have $120,000 in a Roth IRA; $100,000 in CDs; and $225,000 in the Thrift Savings Plan, 50 percent in F and G funds. The Roth has 50 percent in a health mutual fund, 50 percent in a financial mutual fund and earns about 6 percent annually.
Why not take, say, $75,000 and put it in an account to travel the world? Would that be prudent?
A. If you’re sure that the money won’t be needed for more important things later, then it should be used for what you want most.
