Originally Posted by Berkshire_Bull
You don't have enough assets to need LTCi and I wouldn't buy a CD or an annuity here. I don't want to be a downer, but you absolutely need some growth on your money to have a respectable retirement. Somewhere between 40/60 bond/stock or 60/40 in no-load funds (if you're capable and confident in doing so), otherwise use an Advisor and ask for a wrap or managed account so you don't pay loads on the front-end or back-end charges if you want to leave. Figure out your aptitude for risk and be prudent.
C'mon, BB, the woman's 74 years old and knows how to live on Social Security alone. Why in the world would she "absolutely need" growth for a "respectable" retirement? Seems like she's doing a pretty respectable job without the extra $100K, and I'm not sure that she needs to take any risk with it.
Oh, that's right, she doesn't want
to take a principal risk. She specifically said she wanted to invest in CDs and perhaps a money market. Even a SPIA would help protect her assets, especially in the case of long-term care.
Considering her demonstrated level of knowledge of investing, the last thing she needs to tackle is finding a trustworthy adviser.
Could be a moot point. It's been eight days since her last post... she may have been scared off by now.