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Hello all,

Here's a hypothetical for you. I'd appreciate any comments you might have.

Someone about 45 has accumulated $1M in stock (mostly growth companies with little or no dividends) and about $500k in brokerage IRA's. He has paid off his primary mortgage, needs about $50k/year to live very comfortably, and has two kids to put through school in starting in 5 years.

This person wishes to retire and needs to restructure the portfolio for income but is facing a large tax hit because most stocks were bought and held. Any thoughts (besides go see a CPA :) )?
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