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Recently, my cousin asked for help in managing my 90 year old aunt's portfolio, who is not capable of doing so herself. Currently, my aunt owns exclusively telecommunications stocks -- Bell Atlantic, ATT, Lucent, Airtouch, etc., in a portfolio worth about $230,000. We have figured out that she needs about $15000 per year to supplement her retirement income for expenses at the present time. Obsiously, this could go up, depending on what the future holds. Frankly, I have never been asked to manage someone elses finances, making sure that they will have enough to live on for the rest of their life. The family has a history of living for a long time, so I am assuming that at least 10 years of draws will be required. But who can know for sure?

Do any Fool's on this board have comments/suggestions on the best way to handle her portfolio? Any discussion would be appreciated.

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