my parents are 79yrs and have several accounts earning a whopping 4% interest. We went to a dean whitter broker who recommended a variable annunity. It is very hard to get investment info. for elderly. Please help we have an appointment next week. Are there any good books or advice for secure but decent return investments? Might investigate early retirement sites and discussions. The reason is that early retirement may mean living off your investments for 40+ years and this is harder than what a 79 year old would face.Lean heaver on the fixed income side and probably goverment agencies. Maybe some preferred stock. The annunity would be expensive as far as fees etc. However if outliving their funds is a concern an annunity could be a good alternative. Maybe visit several brokers to get different opinions.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra