Making $300,000 last a lifetime
By Walter Updegrave, senior editorFebruary 2, 2010: 8:38 AM ET (Money Magazine) — Question: My mother-in-law, who’s in her early 60s, was recently widowed. She now has Social Security and approximately $300,000 from a life insurance policy to live on. She’s not comfortable taking on much, if any, risk but she does need to generate [...]