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Hi Everyone,

My mother is retiring this year. She has a pension so she will receive money each month to live on. She has some debt which is increased by her mortgage. In addition to her pension, she has two annuities (100K, 30K) and a 401K plan.

My question is should she take the money out of her annuity to pay off her mortgage and debts and invest the rest herself? We realize that she will have to pay taxes on the amount she takes out of the annuities, but we both think its work it. (She's over 59 1/2 (Don't let her know I told you)) ;-)

Let me know if you need more info in order to help.


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