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that you get a stream of payments for life only (i.e. you don't get back your principal ever). brewer12345 wrote.

There are annuities where you principal is guaranteed the trade off is that the monthly payment is lower.

Depending on your mother's needs and desires a fixed annuity could be just what SHE wants. The problem with fixed annuities is that an annuitant is locking in historically low interest rates.

Bond/Cd ladders could be an option, but I recommend speaking with a financial planner who bills by the hour.

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