Money for life: I’m 72. How can I stretch my savings as long as possible?

Money for life: I’m 72. How can I stretch my savings as long as possible?

Q: I am 72 years old and single. I receive CPP plus OAS of approximately $900 per month and I have about $300,000 saved. I need my money to take care of me; it’s not so important to go to my kids. How can I stretch my money as long as possible?

A: As soon as I read your question, an idea popped in my head that I think we ought to explore. I could tell from the name on your original submission that you are female, and the specifics of my answer change depending on gender, but I’ll […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.