Skip to main content
No. of Recommendations: 2

Possibly an annuity/insurance policy for long term care or in home care may be a good place for the money. It may not be the best return for him but may reduce the burden on the rest of the family down the road. One could build the policy to be paid annually and then build a CD ladder to come due in time to pay that bill. If you know a sharp and honest insurance person there may be some vehicle that could be tailored to fit those needs.

That would be my best guess.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.