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Investing/Strategies / Retirement Investing
|Subject: Re: Saving Mom's Portfolio....||Date: 1/12/2004 4:59 PM|
|Author: IndecisiveFool||Number: 38490 of 81641|
The size of the principal doesn't matter, does it?
The poster wanted to earn 6% on the principal, but is hesitant to touch the principal itself. Assuming that the income is to support his mother, it seems that at 80 years of age one could look at a plan to generate necessary income which involves both interest earned AND utilization of the principle.
Her life span is an uknown; but you can likely make a fairly safe guess, or pay an insurance company to take on that risk should you desire.
I'm not sure you can really discount age. My great-grandmother lived to 107. That's another 27 years to live on investments.
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