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I may be a bit late to the party here, but here's my take.

The lady has a total of $900,000, taking 4.5% = $40,500 + SS $22,000=$62,500.

Hopefully, her bonds are *not* in bond funds, if so she might want to rethink that which was explained in an earlier post.

She has 48% invested in equities, which I hope are dividend bearing equities which give her income. The amount of income her funds earn has not been explained. Taking $40,500 out of portfolio is fine, but I do think she should be getting some dividend/interest income from the portfolio. Does she need to have $100,000 in cash? It may give her comfort to have it. Comfort is very important.

I am not that much younger and do obsess about market fluctuations and how much I can spend, and I have somewhat more than the subject in question. It has been mentioned that to get a clear picture, one has to consider her situation -housing, medical and family. If she is like me, family and home expenses tend to have "needs". Medical expenses are forever increasing.

As far as comments that she *should* be able to live on $40,000, perhaps her expenses are higher.

If I didn't make sense, keep in mind my age......:)

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