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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78168  
Subject: Re: Investing for safety Date: 10/19/2011 11:20 AM
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I am not sure we can take that risk, this is all she has.

If you can't take risk, at $700 a month, the money will run out in about 8 years. It's a trade-off.

You can decrease the risk by keeping the $10k - $15k 'safe' buffer to use towards the monthly living expenses, so you can choose when you want to sell the assets, and hopefully, aren't forced to sell when the assets are down. That gives you a chance to increase the timeframe beyond 8 years. Yes, if you end up losing money and having to sell at a time when the assets are down in price, you will decrease the timeframe. But if you aren't willing to take risks, it won't be more than 8 years anyway.

So, what do you want? Safety, or more than 8 years?

There is no plan b. When the money is gone, it is gone. When I think about it I get real nervous as I know she is bound to come my way. Right now I have a one state buffer, not so much when the money runs out.

There apparently is a plan b. It's you.

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