No. of Recommendations: 0
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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