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It warms my heart that I no longer have to warn about the high costs of a "low-cost, single-premium immediate annuity". Others are doing it for me.


What would you recommend for my very lame SIL who can't manage her money for shyte? Actually had a mental breakdown a few years ago. Totally irresponsible. I have mentioned an annuity to her (elderly) parents, and they don't like the idea.

I have a Mutual Fund broker I trust (Is that a contradiction in terms? "Mutual Fund broker" and "trust"?) Thinking of asking for his advice.

In general, I have been thinking of a Vanguard Life fund. Is there a way to prevent her being able to liquidate it?

She isn't crazy, just very irresponsible.

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