How Do We Draw Income From a 700 Thousand Dollar Nest Egg?

If your dad needs income and he doesn't want to take investment risk, he could do something like buy an annuity. He's got so security and a pension, and he's debt free. That covers most of his living expenses. So now what does he want the money for? Well, you got some choices. I mean, i would encourage him to start doing that while he's alive. One of the big dangers if someone doesn't need cash is they start giving it away when they're dead.