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There is a huge amount written on this board about allocation. I think most people on this board would feel that 30% in stocks is too low to return the amount of money your mother would need based on her age. I suspect her financial planner is extremely conservative and used to dealing with people who are terrified of stocks. You need to ask this planner what this strategy would provide in income. Also, is she in a paid-for house, and does she have any other non-cash assets? Does she truly know what her expenses are? Rule of thumb, most knowledgeable people would be very nervous if the rate of withdrawal was more than about 4%-5%. There are an awful lot of planners out there recommending 8% withdrawal rates.

Please do a little more homework - go to the Retireearly.com website and read about safe withdrawal rates - also scottburns.com.
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