"He gets by alright on his social security, but would like some more income to supplement this. He has no debts, so there is no need to pay anything off. I'm wondering what advice anyone can give about where he should place his money."^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^An immediate annuity will provide immediate income but the rate ofreturn right now would not likely be great. Low risk approach.A deferred annuity does nothing for him at 75.He might want to compare the return potential from theinsurance company stock to the annuity return if the insurancecompany is a public company. Quite a few insurance companies havegood dividend yields.A municipal bond - assuming he does not buy from Harrisburg,PA,R.I., Illinois, or some other questionable actors - can be anotherrelatively low risk approach. Corporate bonds also.If the funds are not needed for 5 or more years, a dividend payingstock has possibilities. But if health problems crop up as theycan at that age, the funds may not be there.But you need to ask your father what he is comfortable with inregards to the funds. Does he already have an emergency fundset aside? If not, there may be a good reason to put themoney in a stable value fund - take a low rate of return andhave the funds available should something go amiss - may Godforbid.Howie52
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