She's over 60, so the 10% penalty wouldn't apply if she sold. I don't know much about annuities, since growth is what I focus on right now with my investments.

One thing to consider, family history of longevity. My mom is 65 and given the family history, has to plan on about 30 years of retirement living. So growth is part of her IRAs even though she has a teacher's retirement that covers all her necessities plus a little left over.

JLC