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should an 82 year old with an expected lifespan of 10 years or less and enough savings ($570,000)to general almost enough income in fixed income investments (4.5% return) with a small withdawal of principal every year (he needs 32,000 per year to cover expenses after soc. sec)put anything at all in stocks or just stick to fixed income? A financial planner in suggesting 40% stocks. It seems unwise to me (the daugher in law) to subject him to stock markek risk if it is unlikely he could outlive his money. What do you think?
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