They are spending around 1% of the original balance a month. I could make a Ramsey comment here, but I will resist. There is no investment that can sustain a 12% withdrawl rate.If he could convince them to consider an immediate fixed annunity, at least they would not out live the annunity. If they own there home, they might be able to use a reverse mortgage to float them for awhile. Debra I don't see in the post where it says they're spending 1% a month.If the couple has the 300K invested in conservative investments and can live on 24K a year, ( 4% of 300k, plus 1000/month SS) then it may work.Sue
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