I was asked this question, did not find out too much info online, would like opinions.
A single individual wants to put $200,000 into some type of investment vehicle(not an annuity)
to get a monthly check of $2000 until all the money is gone.
The main reason is lack of self control, does not want to have access to the principle but wants the income.
Can this be done with a trust? Invest the 200k in various funds and every month the 2k comes off the top.
Asset protection was another concern but no a big one.
Any ideas?
Sent from my iPad using Early Retirement Forum
A single individual wants to put $200,000 into some type of investment vehicle(not an annuity)
to get a monthly check of $2000 until all the money is gone.
The main reason is lack of self control, does not want to have access to the principle but wants the income.
Can this be done with a trust? Invest the 200k in various funds and every month the 2k comes off the top.
Asset protection was another concern but no a big one.
Any ideas?
Sent from my iPad using Early Retirement Forum