Dear Mr. Tan,
My mother is 51 years old now. She has $50,000 of cash to invest. What is your recomendation investment, annuity, etc?
REPLY
If she is investing for 10 years or more, it is better to invest in a low cost, diversified equity fund.
When she needs to draw out a monthly income, she can convert it into a life annuity. At that time, she should wait for a has good time when the investments showed a good gain of 5% to 8% per annum.
Read the following FAQs
http://www.tankinlian.com/faq/life.html
http://www.tankinlian.com/faq/savings.html
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