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Subject:  Re: Asset Allocation Date:  6/13/2000  4:21 PM
Author:  Crosenfield Number:  22537 of 90479

"it was assumed that the person would plan to save an amount that they would eventually exhaust by the time they died. Does this seem correct?"

Yes, it seems correct. It is fine to have extra, and leave it to one's children, but it is not good to outlive your money. Therefore, in making these calculations it is well to overestimate how long you think you might live. Since your mother is in good health, if her parents lived to be old and died a natural death, one might add 10 years to the age at death of the older of her parents as a starting point.
Personally, <g>, I use 120.
Best wishes, Chris
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