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Ray: I Bonds will provide about 7.49%. You can purchase
$30K per year, or $60 including the wife. At $60K your covered for about 4 years($15K/yr), enough time to ride out a bad market.
The balance of $200K I'd evenly split between Spiders (SPY) and a S&P outperforming Mutual Fund such as White Oak Growth (WOGSX)
I'd also like to pass on another Fool's advice, Albert Einstein:"Everything should be made as simple as possible, but not simpler."
Good Luck
Dave
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