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?
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