Search found 2 matches

by AveryAUSTIN
Sun May 21, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Managing My Elderly Moms Portfolio
Replies: 6
Views: 849

Re: Managing My Elderly Moms Portfolio

Thank you everyone very much for the feedback. I think we are going to go down the road of doing a 300K SPIA or DIA to generate my 83 yr old mom a monthly income between $2900-$3800. This will slow the burn of her remaining cash and provide her a lifelong stream of cash even though we will supplemen...
by AveryAUSTIN
Thu May 18, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Managing My Elderly Moms Portfolio
Replies: 6
Views: 849

Managing My Elderly Moms Portfolio

My mother is good health 83 yr old who lives in an independent living facility with a current burn rate on her money at $80K per year after social security income (current Net Worth $770K). Me and my 3 brothers understand that she will eventually exhaust her finances and we will be able to cover her...

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