{"id":78,"date":"2010-10-07T09:55:17","date_gmt":"2010-10-07T14:55:17","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=78"},"modified":"2010-10-07T09:55:17","modified_gmt":"2010-10-07T14:55:17","slug":"question-answer-about-annuities","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/question-answer-about-annuities","title":{"rendered":"Question &#038; Answer About Annuities"},"content":{"rendered":"<p><strong>QUESTION<\/strong><\/p>\n<p>As a family lawyer I was recently asked for financial advice about investing a small inheritance. The heir, a woman of 64 and her disabled husband were advised to place the money in a mutual fund and do a monthly withdrawal. My question is whether this is a safe thing to do? They need the income and have no investment experience. Your comments please. They have no financial experience at all.<\/p>\n<div><\/div>\n<div><strong>ANSWER<\/strong><\/div>\n<div><\/div>\n<div>The absolute worst thing this woman could do is to get into mutual  funds. She may as well get into a sea full of sharks, though that may be  safer.<\/div>\n<div><\/div>\n<div>She should buy an annuity to give them safe, reliable income every  month. Pay off any debts first but otherwise the money should generate  lifetime income for them both.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>QUESTION As a family lawyer I was recently asked for financial advice about investing a small inheritance. The heir, a[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":2,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":80,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/78\/revisions\/80"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}