There’s a lot of pension funds out there with orders-of-magnitude more than $4 million to invest, and they’re blowing-up because they can’t make the 8% their projections are based on.
Perhaps, but there are other things besides pension funds that were, for millions to invest, advertising those rates of return. Besides, my main point was she could have invested it and probably found an interest rate that easily gave her enough to live off of without having to touch principal. We’re getting off track from the main point.