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KCofMaine said:
...(three choices/suggestions) ..
<<1. Variable annuity

2. Direct stock purchases

3. Purchase undeveloped land here in Maine for future woodlot sale. >>

I think that you have even more control over taxes & capital gains with 2. Cap gains can be controlled and turned into long-term just by the holding period. Also, in this day & age, a diversified portfolio has a relatively low dividend rate, and a few dollars are excluded from tax. Also, LIQUIDITY is MUCH higher with 2.

I don't think much of variable annuities. Take the dividends from the stocks & buy insurance (life, health, long-term care).

Now, if you burn wood & like to hunt, there may be more subjective advantages to 3!

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