With all respect to other responses to your question, this couple have no business going out on their own for the first time and buying this or that investment. They do not know why they are buying this or that...only that their friend recommends it. This, along with their SS, is all they have to get them to the judgement day. And we have no idea of the other parts of their lives that will place demands on their savings over the years ahead, such as healthcare, family needs, changes in living arrangements, changes in insurance needs, need for family travel, etc, etc.They need to make an appointment with a Fee-Only Certified Financial Planner or CPA/PFS, preferably through the Garrett FP Network. They will pay this individual directly, usually on an hourly basis, for their analysis and advice. Many Garrett Planners will help them to set up their taxable accounts and IRAs, allocate investments and be there to answer questions and reassurance. Your friends cannot afford to make mistakes or to run the risk of listening to any of the multitude of sharks out there with their 'guaranteed' whatevers.I'd suggest you have them Google to the Garrett Financial Planning Network and try to find a planner in their area.BruceM
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