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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: After Retirement?? Date: 8/31/1999 9:42 PM
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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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