Ray,<<You can use margin to help ease the mechanics of drawing down your stock investments--kind of like a reverse mortgage. Take a monthly withdrawal, which increases your margin loan. When you do your annual update, pay off the entire margin loan as part of the normal update process. That way, you don't incure extra commissions. Over the long run, you'll pay maybe 7%-8% interest (on the increasing balance), but gain 15%-18% in growth (of the stocks you are delaying liquidating), so the margin interest isn't a net cost.>>Now that's an interesting twist that has definite possibilities. Only thing that would upset that apple cart is if the market really tanked.Regards....Pixy
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