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Subject:  Re: A "late" bloomer Date:  11/20/2000  5:21 PM
Author:  riverlad Number:  5618 of 20597

While this plan would yield approx. $3,000/yr. at current CD rates, wouldn't it be necessary to invade the principal to make up the difference? Without doing so, the yield of the $90,000 balance in stocks probably would be far less than $3,000, excluding capital appreciation. Naturally, all would be subject to tax, so the amount available for living expenses would be less. At their age, a planned withdrawal of principal to make up the difference would seem prudent.
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