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I am with TwoC on this one. The greater risk, in general, is the money not growing enough as opposed to the money losing. With 1.3m, that may not be an issue for you but it is critical (as another poster indicated) that you determine how much you need each year and that should determine how much risk you should take to achieve such. If you only need 30k a year, simply ladder some CDs and forget about it. IF you need 60k a year, you might need to consider some bonds and other income generating investments. Inflation and income taxes are an extremely important consideration here as well.

The first step, IMO, is to determine just how much you will need in after-tax income from those dollars. I am assuming that 1.3mil is in a taxable money market account and not an IRA MMA.

Second step, IMO, would be to determine if you are ok with passing none of those dollars to a beneficiary or if you want to leave any inheritance.

Keep us updated!
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