Subject: Re: Portfolio for a 90 year old
The late husband probably invested like he always invested, even when he didn't need to "get more rich" anymore. I suspect I might do the same thing.

Several years ago I put a chunk of money with a private manager who had a good screen strategy. (Oh my! My records show that was in 2011.)

In interviewing him and going over our portolio & financial position with him (we retired in 2006), he said "You don't really need to be in any investments, you've got more than enough assets and income to live well for the rest of your life."

Our answer was "Yes we do have enough. I'm just running up the score."
Nothing wrong with that if you have a solid base.

This is related to what I said about at some point you are really investing for your heirs. Although my wife once said that she wasn't entirely comfortable with the idea that each of our kids could get $1 or $2 million when we sod off. That much money all at once has ruined a lot of people.