If I understand correctly you have social security and pension income of $72K and expenses of $60K. I doesn't sound to me that you have much of a problem.The co-op is a place to live and not an investment in my opinion so you really have a portfolio of $1 million.Studies have shown that you can withdraw an initial 4% of ones portfolio and that amount annually and have a pretty good chance of not running out of money for 30 years. At your ages I would think that this amount of spending would be quite safe.I indicate that you have nothing invested. So where is the cash and the 401k? I would submit that it is invested although it may be invested in cash accounts earning a very small amount of interest that may in fact not be keeping up with inflation.Personally I would stay away from "small stock trades". Instead, a portfolio made up of broadbased index mutual funds would be preferable in my mind. Perhaps something like the Vanguard Target Retirement Income fund or individual mutual funds with similar asset allocations might be a good starting point.https://personal.vanguard.com/us/funds/snapshot?FundId=0308&...Bob
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