My 80 yr old grandma, retired, will have $500,000 to invest if she sells her second house (after taxes, fees, and paying off loan). Someone on /r/personalfinance suggested a 50-50 stocks/bonds investment where "the rule of thumb is that you can withdraw 4% per year forever without running out." That sounds great since she needs a source of income to live out the rest of her life.
Is that true? I'm an investing novice, but that sounds too good to be true.
What would you suggest?
Submitted September 07, 2018 at 10:03PM by youthyouthyouth https://ift.tt/2M8ALaW
