No. of Recommendations: 0
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.

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.