A friend of mine is recently retired.
Earns $2k/month from social security already.
Recently came into a bit of money. Paid off house and all debts. Has about $200k cash leftover.
Edit: This person also wishes to "set it and forget it", they are retired, they don't want to start trading stocks or any other option that requires work.
What are some options to preserve this capital and yield maximum cash flow?
Thanks Fastlaners!!
Earns $2k/month from social security already.
Recently came into a bit of money. Paid off house and all debts. Has about $200k cash leftover.
Edit: This person also wishes to "set it and forget it", they are retired, they don't want to start trading stocks or any other option that requires work.
What are some options to preserve this capital and yield maximum cash flow?
Thanks Fastlaners!!
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