No. of Recommendations: 1
It's beyond comprehension that someone who professes to be a financial advisor would suggest that anyone in their 80s should convert their portfolio to an annuity.This would do nothing more than generate a huge fee for the broker

You haven't a clue what you're talking about. An immediate annuity is an excellent solution here.

If you simply put her money in intermediate term corporate bonds, with a dose in large cap dividend-paying equities, it would be easy to reach your desired rate of return.

Her return will be far higher with an annuity, perhaps 12% per year gauranteed, and the insurance company assumes the risk that she outlives her money.

Nick




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