No. of Recommendations: 1
rahulpatwari -

As you have outlined you mother'sd position as needing neither a lump sum or income now, she could postpone cashing the annuity, allowing more tax deferred growth. If it is a variable annuity it has a number of investment options, including a "fixed interest" account that might be suitable for a no/low risk person to use for the funds. Why don't you meet personally with a representative from the insurance company for educational purposes. Have the rep explain all the options the ramifications of each. Then mom & you can deliberate on the merits of each course of action armed with complete, detailed info?

Best wishes, PP
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.