UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: mmthomps One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1488  
Subject: "The money will run out in 8 years." Date: 2/14/2008 7:29 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My friend's in-laws have recently sold a small business and consider themselves retired. As I understand it, they have about $1000/month social security; and $300,000 in cash. They are living on their cash, and my friend is trying to figure out if there's a way to help. He can't convince his father-in-law to take a part time job; and they have no retirement of any sort other than this cas. A financial advisor, who looked at their situation, said "their money will run out in 8 years, and there's nothing we/you/I can do."

Are there any ideas of how this money could be invested to help support this aging couple and ease my friend's concerns? Or are they really just doomed to run out of money in 8 years?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Starting a Small Business
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement