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Hi, middle...

Your plan sounds like a winner to me. I'm working on one almost like it, for me. I have a comment or two:

your plan for using about 10% of the stock appreciation each year amounts to something like annutizing that portion of your assets. Have you run the numbers to see what rate of annual growth that portfolio would need to accomplish, and for how long (you said permanently, but if you're planning on running out of breath and money at the same time you may not need it to last much longer than that!)? You'll need to make sure you're making realistic assumptions about whether the stock portfolio will be likely to throw off that much per year without its having to take on more risk (riskier stocks) than you're comfortable with.

Other than that, it sounds great! I hope you can make it work!
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