punchdrunk
Confused about dryer sheets
- Joined
- Mar 16, 2017
- Messages
- 5
I am looking for some advice for my 59 year old mother who is looking to move out to New Mexico soon.
Unfortunately my my mother has been on disability for most of her life and as such has a fairly small amount of money to work with. She receives $1750 dollars a month in disability and has around $65000 dollars to work with.
She is a very risk averse person and has been in talks with her banker at Citi who suggested this AIG Variable Annuity with the Income Plus option. [mod edit - link removed]
She is honestly just looking for a little bit more security than what her benefits provide with as little risk as possible. She is not looking to make anything much on the money at all but would at least like to beat out inflation. I personally don't think the variable annuity is too hot, especially with those fees, but then again I am fairly ignorant when it comes to this type of stuff.
If anyone has any suggestions I'd love to listen. Thanks!
Unfortunately my my mother has been on disability for most of her life and as such has a fairly small amount of money to work with. She receives $1750 dollars a month in disability and has around $65000 dollars to work with.
She is a very risk averse person and has been in talks with her banker at Citi who suggested this AIG Variable Annuity with the Income Plus option. [mod edit - link removed]
She is honestly just looking for a little bit more security than what her benefits provide with as little risk as possible. She is not looking to make anything much on the money at all but would at least like to beat out inflation. I personally don't think the variable annuity is too hot, especially with those fees, but then again I am fairly ignorant when it comes to this type of stuff.
If anyone has any suggestions I'd love to listen. Thanks!
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