James Bond is a 75 years old widower with three children and five grandchildren. He retired a few years ago and comes to you to get advice about investing his money. Here are the facts you gather about his status during your meeting: His current annual expenses are $90,000. His pension plan and Social Security pay him $30,000 annually. He has a liquid net worth of $500,000 in his brokerage account. He owns his home worth $300,000 and has no mortgage and he would like to live there the rest of his life. He estimates that he has a life expectancy of another 10 years. From the information above, is it reasonable that Mr. Bond will be able to maintain his current standard of living once he retires and until he passes away if he keeps all his money in an interest free checking account?