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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78667  
Subject: Re: Hal McCabe retires at age 28. Date: 8/2/1999 7:38 PM
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JAFO31 writes,

Intercst: Interesting story.

I was most intrigued by the folowing:

Thank God for Lana. Lana Puckorius, an Onancock, Va., certified financial planner who advises more than 50 former and current AOL employees, has one-third of McCabe's money under her gentle and steely control. She has put it in a diversified portfolio of bonds, mutual
funds, variable annuities and blue-chip stocks. "I do see the dollars coming in and out, and if there is a big change, we will have a little chat," she says. "Hal makes me laugh. Then I say, 'Hal, you must listen.' "

It does not really explain the CFP's reasoning, but if she controls only 1/3 of the portfolio I cannot quite fathom the bonds or the variable annuities [note plural, which is quoted directly].

Regards, JAFO

I thought the same thing when I read that paragraph. Bonds might be O.K. -- many retired folks keep from 3 to 7 years worth of living expenses in fixed income instruments. But a variable annuity? Few Fools would make that recommendation.


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