Okay, more clarification.I know I will have to draw down principle, no way around it unless I get that 14%. As far as cutting expenses, she is bare bones, gets HEAP, etc. This is all the money she has, and she needs it to live on. I will manage, Schwab will hold. I wish to invest conservative so that I don't risk losing too much principle. How did she end up in this situation? Divorce and refusal to listen to anyone for years. That's the frustrating part. The money she has is from ex's 401k and inheritance. She owns the house she has, part of the settlement. She gets no alimony or anything. And HE was the one who wanted the divorce and had a girlfriend. IMHO,her lawyer did her wrong, but what is done is done.