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Author: riverlad Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19378  
Subject: Re: A "late" bloomer Date: 11/20/2000 5:21 PM
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While this plan would yield approx. $3,000/yr. at current CD rates, wouldn't it be necessary to invade the principal to make up the difference? Without doing so, the yield of the $90,000 balance in stocks probably would be far less than $3,000, excluding capital appreciation. Naturally, all would be subject to tax, so the amount available for living expenses would be less. At their age, a planned withdrawal of principal to make up the difference would seem prudent.
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