No. of Recommendations: 2
Please, beg him to go to Vanguard. With that much dough, he can get a personal counselor and any expertise available at Vanguard. (Or Fidelity, or whatever.)

Ditto, only I would make it Vanguard. I also wouldn't buy an annuity. I would spread the million around between WindsorII, Wellington, and money market, with only a couple years of expenses in the money market. This should throw off a nice level of income, plus he would get to keep the principal, plus it would grow over time with the market, plus the money market amount would protect him during weak markets. Just an idea.
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