You could check a couple of insurance companies for an annuity.
Typically the insurance based investments have "high fees". But, depending on your age and situation it may be worthy of "consideration".
It looks like dividends are about $1.10 per share on a share price of about $65. That's about 1.7% or maybe $1,200 per year for you in dividends. Generally, stock mutual funds are not a good choice for income. Experts say you should only draw 3-4% of the principle per year, which on 67K is about $2,500 per year.
Call Fidelity at 800 544 8544 and talk to a representative for
some good free advice. They will let you know how much you
should draw out each month according to your age.
If you put $67,000 in a low-expense S&P500-based Mutual fund (or even shares of "SPY", the Exchange-traded Fund ('ETF') that follows the S&P) you can realistically expect it to yield you between 4-8%, which will result in a sustainable "income stream" of between $2,680 and $5,360 a year, which is between $223 and $446 a month...
Not sure how much extra help you were hoping $67,000 would bring you...
with 67,000 can I get a check each month from the SP how much will I get each month? Is this a good idea? I live on social security and I need a second income.
