No. of Recommendations: 0
Two Items:
One, for dividends from 10-20%(!!) check out reit's.
I have about half of my investments in several reit's (UIRT is my largest holding) inside my IRA (so I don't pay taxes on the dividends until I retire).
UIRT is a little risky, but you canspread the risk among 4 different reit's (with different months payings the quarterly dividends - so she gets a steady stream of monthly income), each of which will return about 15%.
Two, if she is really hurting for monthly income, check out reverse mortgages (if she is well over 62 and owns her own home with little or no mortgage - and shehas no intention of ever leaving that home). I sell them, and for certain seniors without adequate income, they are a life-saver. Those with high income and/or probability of relocation within 5 years, should not get them.
F&M Reverse Mortgages, VA-MD-DC-WV
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