Three years ago my father invested $200K into an IRA annuity with MetLife that is paying a fixed 5.3%. I am listed as the beneficiary. My Dad does not need this money nor will he need it in the future. He is not likely to annuitize it. He invested in this vehicle to protect the money due to my mom going into a nursing home. My mom has since died. I believe the money would be protected also if my Dad ever needed nursing care.
My Dad would be very willing to here advice as to what to do with this investment vehicle now. I'm looking to the board for help with this. What are our options and the boards recommendations? Dad is 78 and in good health. Thanks.
My Dad would be very willing to here advice as to what to do with this investment vehicle now. I'm looking to the board for help with this. What are our options and the boards recommendations? Dad is 78 and in good health. Thanks.