My mom is 77 years old and has just sold the first home she ever owned. She will realize a net-after tax ammount of roughly $330,000. Her monthly social security and pension payments will cover her new apartment rental plus utilities.- @$1800.Question- In order to have a supplemental monthly income from her $330,000, what would be the best vehicle?Fixed Annuities scare me due to high fees and CD rates have just gone down.How can she maximize earnings on her principal and still receive a monthly payment of @ $2500.PS- she will need to access the new cash immediately.Thanks,John
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