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Subject:  Re: investments for the non-financially literate Date:  4/19/2013  2:17 PM
Author:  alstroemeria Number:  72081 of 95776

They aren't comfortable giving me exact info, only approximate--I'm just a friend, not even a very close friend. Looks like one has about ~$200k in 401k and the other ~$250k. They both have $15k in their Roths. And taxable (currently all in the bank) of $200k. Total about $680k.

They say they need $4000/month for regular expenses ($3,000 from SS) and another $1000 for extras like travel and expensive occasional things like major maintenance on the house. Hence wanting to generate $24,000/year off $680,000, a little less than 4% so it seems doable.
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