My mum just recently retired from a long career and is eager to make some decent investments. I would appreciate any suggestions but most importantly sound and proven investments please!
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Hi there! First and foremost, the time frame needs to be ascertained. However I would recommend an annuity. An annuity is simply a contract between one and an insurance company whereby you make a lump sum deposit or series of deposits and periodically receive in return disbursements which according to the agreed terms initiate either immediately or at some point in the future. Obviously, the goal here will be to provide your mum a steady stream of income during her retirement. I hope this helps.