I saw that. So I own a car and if I get some more money it does not mean the first thing to consider is to buy another car.Did you miss the fact that her parents already own an annuity? It’s in the opening paragraph…I am just asking a question trying to understand the immediate jump to annuities. Maybe they are being hit up with chicken dinner offers.Well, username checks out.
Why would you even ask about annuities when you have not addressed your parents monthly expenses and how much of that will be covered by SS and your moms pension?![:beer]( "beer")
OP, welcome to the forum. It’s difficult to make recommendations knowing little about the overall situation, but one thing I’ll mention is that, while annuities are nice in that they “replace” a paycheck, controlled selling of shares can do the same.
If anything already owning an annuity and a pension it is more likely you should consider some growth assets.
Statistics: Posted by BitTooAggressive — Tue Jul 30, 2024 9:52 am