Dad simply turned 70 and continues to work (he enjoys his work and is properly compensated – 200k). His present nest egg is 1M (500 401k and 500 in bonds). He’s planning to withdraw and dump 500k into a hard and fast deferred annuity. Is unnecessary to me with regards as to how this offers profit to him? He’s fixated on the assured month-to-month funds at maturation. Feels like a crock of shit to me.
Can I’ve some different options as to the best way to finest help him by means of retirement?
Different information: no money owed, residence payed off. HYCoL space a lot of SS will get eaten up by property tax.
