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my parents are 79yrs and have several accounts earning a whopping 4% interest. We went to a dean whitter broker who recommended a variable annunity. It is very hard to get investment info. for elderly. Please help we have an appointment next week. Are there any good books or advice for secure but decent return investments?
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my parents are 79yrs and have several accounts earning a whopping 4% interest. We went to a dean whitter broker who recommended a variable annunity. It is
very hard to get investment info. for elderly. Please help we have an appointment next week. Are there any good books or advice for secure but decent return
investments?


Might investigate early retirement sites and discussions. The reason is that early retirement may mean living off your investments for 40+ years and this is harder than what a 79 year old would face.

Lean heaver on the fixed income side and probably goverment agencies. Maybe some preferred stock. The annunity would be expensive as far as fees etc. However if outliving their funds is a concern an annunity could be a good alternative. Maybe visit several brokers to get different opinions.

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richcobbs wrote: <my parents are 79yrs and have several accounts earning a whopping 4% interest. We went to a dean whitter broker who recommended a variable annunity. It is very hard to get investment info. for elderly. Please help we have an appointment next week. Are there any good books or advice for secure but decent return investments? >

They might consider buying T-bills, or T-bonds. These are not insured by the US government. They ARE the US government. yields are 6-7%. STAY AWAY from brokers. You can buy T-Bills directly from your area ... Don't remember how I found it, but it's available on the net. Likely some one here will jump in and help.

p.s. My parents wouldn't change from their CD's if Hell froze over. Sigh. I tried.
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Re the 79 yr old parents. I agree that annuities are too expensive. Folks at this age want to be absolutely sure of their money. I also agree that treasuries are the answer. If they have enough funds to do more than one, then stagger them. Most seniors will be comfortable with,the hopefully, zero risk. Hey, if T bills tank, nothing else is going to be any better!
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Hello,

You asked:

Are there any good books or advice for secure but decent return investments?

Take a look at the relatively new series I (inflation
adjusted) bonds. Full faith and credit of the US
government plus some nice tax advantages plus some
inflation protection.

Tim.
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timomimo, where can you get info on series I bonds?
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You wrote:

timomimo, where can you get info on series I bonds?

One place is:

http://www.publicdebt.treas.gov/sav/sbiinvst.htm

By the way, you can only buy $30,000 per year
per social security number.

Tim
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