Where to put $5,000 now

What would you do with a million bucks? That's easy. But what about five grand? With a handful of broad goals in mind, here are Money Magazine's picks.

Make your money last a lifetime:<br>iShares Russell 3000 Index
Three-year annualized return:
8.7 percent
Goal: Retiring rich
Make your money last a lifetime:
iShares Russell 3000 Index
Another way to accomplish the same goal - with more upside and more risk - is to invest the 60 percent you have in stocks for growth and then sell the shares, if necessary, for income.

Relying solely on bond payments and dividends, says Coral Gables, Fla. financial planner Harold Evensky, can leave you with too-variable cash flow, the wrong asset allocation and little inflation protection.

That's why the cornerstone of the stock portfolio for his clients is the broad-market Russell 3000 ETF.

Evensky's advice: Don't be afraid to sell stocks to generate cash flow.
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.