Need advice?? My father wants to take a lump sum from his company worth around $200,000. He wants to be able to take around $1,500 a month or 7.5% a year to live on while retired. What kind of investments should he look into? Is it possible to accomplish this without risking the capital? Would he be better off leaving the money with the company and just getting monthly checks? He's an old timer and feels the company may go belly up and he'll lose all his money. Would appreciate any help!!
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