Subject: Re: Portfolio for a 90 year old
1) Does she need money from the portfolio? Anything more than a small amount?

2) Is her portfolio invested for herself or for her heirs? I would submit that at any age above about 80, a person is basically investing for the people (and charities) who will inherit.

She doesn't need much from it today. She is still in independent living at her retirement community.

But one never knows if they will require expensive care and for how long. Her portfolio should be more than sufficient to cover whatever is needed for her care. But a 30% or more market correction might jeopardize that -- that's why I think her stocks allocation is too high.