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2. Your uncle has saved diligently and is about to retire. He is 70 years old, widowed, and in good health (for now). He

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2. Your uncle has saved diligently and is about to retire. He is 70 years old, widowed, and in good health (for now). He has no heirs other than you. He has $2 million in assets and has just started collecting Social Security. Now that he knows that you studied investments at Georgetown, he is asking you for investment advice. a. What do you need to know in order to provide appropriate advice? b. How should he invest his portfolio? c. How much can he spend each year? d. How should he deal with the risk of outliving his assets?

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