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"He is retired (69 years old) from the military and wants to put most of the money into an investment that produces monthly income but that is also very secure. Can anyone recommend a good fund (maybe an index or mutual fund) which will generate at least a 10% annual return? Open to other conservative ideas also."

Investment returns vary according to risk tolerance. Very secure investment such as CD's and Treasury Bills/notes have low returns because they are pretty much risk free. These will run around 4-6% at this time.

In order to get to a 10% return will require accepting more risks. An Index fund does not guarantee any specific return nor does it guarantee no loss in capital.

This is exactly the issue I struggle with in trying to help my retired mother invest her funds. I am at the point of determining what her present funds have been yielding. See if this is sufficient - taking inflation into account for her lifestyle. In order to recommend more aggressive investments, I need to know how much risk my mother is welling to live with.

BGP
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