No. of Recommendations: 0
zgriner wrote,

You have not said how much income your mother needs as a percentage of total investments. There have been many posts regarding research that shows that if you want your investments to last during retirement (25+ years), you should not cash in more than 5%/year. However, in your mothers case, assuming she doesn't care to leave an inheritance, that percentage can be pushed higher. Check out http://www.financialengines.com/ for calculations that will tell you how much.

If you use the FinancialEngines software, make sure you understand that thier retirement income estimates assumes you liquidate your portfolio and buy an annuity on the day you retirement.

It's a strategy few Fools would recommend.

intercst
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