Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (11)	10/20/2004 3:50:09 PM
From: Ken Adams	Read Replies (1) \| Respond to of 288

I care for a 96 year old uncle who's in assisted living near me. A few years ago I helped him sell his modest home and we looked for a place to put the money. To my surprise, he already had a boatload of bonds and that's what he wanted to do with these funds. We called his contact for a meeting. It was then I learned that what he was holding was barely above "junk" status. But the kicker was, he was getting 9 and 10% (in a couple cases, even more). When I pointed out that the total overall value of these investments was actually going down. He shrugged and said, at my age, I need the income more than the lump sum. Unless he lives another 25 years, he's probably good with this approach.