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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75657  
Subject: Annuity for an 87-year-old woman? Date: 9/15/2013 8:18 PM
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One of my golf partners said a neighbor asked for his financial advice. She's an 87-year-old widow with some money in a Fidelity Muni Bond Fund.

A Fidelity "Advisor" asked her to come down to the office because her muni bonds were "tanking". Advisor suggested selling the muni bond funds and putting 50% in a money market fund and 50% in an annuity. She has enough income from other sources to meet her expenses, so she wasn't spending any of the muni bond income to begin with.

Hard for me to see why an 87-year-old in her position would need an annuity of any species or description.

intercst
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