"Ed Pawlowski" > wrote in
:

> Used to be, modest investment on that million would get you $50k
> a year and the value of to dollar was still very good compared
> to today. I'm talking back in 1970 dollars that are worth about
> 18¢ today. That 40k a year must increase too or you won't be
> very comfortable in 20 years.

well, it's only 40k because of the current Wall St. panic. it will
get better again.
i'm hoping Congress has the guts to put the regulations back into
place that they removed over the past 12 years or so, but i suspect
they won't. having Wall St. police its self is a remarkably poor idea
though.
lee