How to safely invest a lump sum

dunstonh

Did I mention people over 80 were senile? no. I think you need read posts better.

You didnt use the word senile but you are certainly suggesting it with your broadbrush general comments. Such as "I am simply saying over 80 most people want simplicity."

Investing at that age to me is wrong.

The objectives are certainly different for someone in their 80s (i.e. no point looking at very long term growth. However, if the 80+ year old has an objective best suited with investments then why eliminate them?

Income with 100% cash carries risks. The person could live another 10, 15 or 20 years. Over that period, the capital in cash just erodes away. Instead, they can get a death guarantee in place (so that removes the possibility for capital loss) and then invest in an appropriate spread for their objectives.

Why do you think the Govt are removing annuity compulsion for over 75s? That is because there is a demand for it from consumers who dont want to stop being treated like adults just because they are retired.

Annisele

Mickygg wrote: »

I am simply saying over 80 most people want simplicity. Investing at that age to me is wrong.

Tell that to Warren Buffett

"Most" is not equal to "all" - and depending on circumstances, cash doesn't even always equal simplicity.