Summary
TODAYs experts are BRIAN DENNEHY of independent adviser Dennehy, Weller & Co in Chislehurst, Kent; RICHARD HUNTER at the London office of adviser Hargreaves Lansdown in Bristol; and MATT PITCHER of wealth manager Towry Law in Bracknell, Berkshire. If you have a personal finance query, write to: Ask the Experts, Financial Mail, 2 Derry Street, London W8 5TS. Please do not send original documents.
B. M. writes: My wife and I are retired and want to invest the [pounds]220,000 from the sale of our house to provide us with a monthly income of [pounds]650 to cover the rent on our new home. What do you suggest?See the full content of this document
Extract
Back the Markets to Cover Your Rent
B. D. replies: To get the monthly income you require you will need 3.5 per cent net a year from your [pound...
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