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Subject:  Re: Purchasing Bonds Date:  5/29/2002  9:45 AM
Author:  Lokicious Number:  3785 of 36218

Addendum on mon

This may actually be a place where a fixed annunity could be a good option for part of the money. Does she have a favorite (highly stable) charity, like a big university? At her age, she should be able to get a good rate, with the idea that the charity keeps the capital when she dies. I don't know what rate she would get, but if she got something like 7% on $200,000, combined with CDs/EE bonds and stock fund, that might help the income stream, while still leaving a good chunk for inheritance. (She should actually get over 10% at her age, given life expectancy—at 10%, it would take about 15 years, if the charity invested the money in a treasury bond, before she outlived the donation.)
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