No. of Recommendations: 1
At 80 years of age, why should she avoid withdrawing the principal? Is the money needed for some other expense?

Right now, the principal size is unknown and you don't know how long she'll live.

The size of the principal doesn't matter, does it?

The poster wanted to earn 6% on the principal, but is hesitant to touch the principal itself. Assuming that the income is to support his mother, it seems that at 80 years of age one could look at a plan to generate necessary income which involves both interest earned AND utilization of the principle.

Her life span is an uknown; but you can likely make a fairly safe guess, or pay an insurance company to take on that risk should you desire.

The only point of my question was: why not use the principal if necessary in order to obtain the income level necessary for the remainder of her life?

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