Jerry's suggestion of selling the limbs (or the whole bow) and buying a lighter weight set is a good one. Not to talk myself out of potential business, but sometimes that is the best option. Reducing weight on the existing limbs is generally going to be the more expensive route.
The times it really makes sense to think about a weight reduction are if the bow has some personal significance to you, then certainly you want to keep it. A custom made just for you, the bow used to kill your first big game animal, or whatever. Can't replace that. Also, if the limbs are in bad shape and wouldn't be good sale candidates, then a reduction and refinishing may be the best choice.
Ed did email me today, and another thing I suggested to him was to contact the bowyer to try to determine and make sure that the bow had not already been reduced. My goal on most weight reductions is a max. of about 10% of the original weight. If it has been reduced once already, I wouldn't advise doing it further. The original bowyer will likely have records of what went into the bow originally for glass thickness, etc. and may add some insight on how to approach it.
As I said, I don't mean to talk people out of giving me business, but I do want to do the best thing for them. Weight reduction is an option to consider. I think it is a good way to add new life to a bow that just doesn't get shot because it is too heavy. But there are other things to consider as well.
And thank you everyone for the kind words!!