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Author: davidcaruso Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75377  
Subject: Re: investing for income at 77 Date: 9/19/2003 9:44 AM
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I'd check out annuities issued by charitable and educational institutions. At her age the payout is over 10%, it's an annuity so it keeps paying until her death (unless she wants to pass on assets to her heirs) and there are some tax benefits too. So if there is a cause she is into, she can do good for both.



Is there a financial website that can provide this information or should I contact a financial planner? I would like to be as informed as possible before paying for advice?

Maybe I can combine iBonds, CD ladder and this possibility (charity annuity)...any more thoughts?

DC
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