Posted by DonMarco on December 18, 2003 - 18:29 pm
In Reply to: Starting Over : Thailand? posted by Gregory on December 17, 2003 - 12:03 pm
Why not determine a budget you can live on while conserving most of your cash? Then invest lets say 85k in fairly liquid diversified investments and put the remaining cash in CDs. If you can bring in an average 7-10% average annual return, you can live fairly comfortable, while minimizing your burn rate. Is that all you have for retirement or do you have additional investments (401k, IRAs, stocks, bonds, etc, etc)? If that's it, you need to be very careful in your financial planning/spending or else you will eventually be living month-to-month on SS (scant mongering ahead).
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