No. of Recommendations: 1
You didn't state your father's age, the state of his health,
how long he reasonably can expect to live, or the sums involved.
Presumably apart from the small IRA he will have no other income.
He will continue to live in the ranch house, where he will have
taxes and utility bills to pay? He has someone to cook for him,
or goes out to eat a lot?
What, in short, will be his expenses?
If the amounts involved allow him to sustain his life style and
put part of that payment into investments, to be drawn on after the
7 year stream of payments stops, then he could be invested in stocks
such as an S&P 500 index fund. (remember, with a 5 year or more
time frame, one would wish to be in stocks) At the end of 7 years
what will he do? Sell the rest of the ranch and move in with you?
You can see we do not have enough information.
Best wishes, Chris
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