Thanks for your interest, Fuskie... What are the penalties for breaking out of those Guaranteed Interest annuities? I don't think there are any, but there my be a withdrawal limit of 25% per annum or some such -- haven't read their whole agreement.Is the total amount of their savings $100k?Yes, within a few K.What is their actual monthly income from the pension and social security and what are their expenses?I don't feel I need to give any more details than I have -- they are comfortable and thrifty have some disposable income without drawing from their IRAs. Mom's S.S. benefit is essentially 100% discretionary.Do they currently have any debt? Do they have any other source of income? Do they have any other savings? Are they drawing on any of their retirement savings? Nothing else to note, no. And they're not currently drawing on their IRAs, though mom's talking about a kitchen renovation.They're exceedingly intelligent grown-ups with excellent credit, but have never really managed investments and find this sphere daunting. I think I'm looking for help forging an investment strategy here, not a detailed monthly budget. Basically, I want to help them protects their assets and make sure they have a little extra.
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