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Best Place for £63K - Preferably Monthly Income
Ms_Chocaholic
Posts: 13,498 Forumite
Hi
My elderly mother has £63,000 to invest but she would like to get a monthly income from this if possible and not touch the capital. She also would not want to take any risks.
Any ideas?
Thanks
Ms Choc x
My elderly mother has £63,000 to invest but she would like to get a monthly income from this if possible and not touch the capital. She also would not want to take any risks.
Any ideas?
Thanks
Ms Choc x
Thrifty Till 50 Then Spend Till the End
You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
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Comments
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How elderly is elderly?
How much is no risk? (savings accounts will have inflation risk, investments will have invesmtents risk)
What about products with capital security in the event of death?
What is her income and age? (would interest take her above the age allowance reduction figure or would she see a reduction in pension credit?)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
How elderly is elderly?
How much is no risk? (savings accounts will have inflation risk, investments will have invesmtents risk)
What about products with capital security in the event of death?
What is her income and age? (would interest take her above the age allowance reduction figure or would she see a reduction in pension credit?)
Punters take note: a demo of the typical introductory spiel for an investment bond sale....Trying to keep it simple...
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Don't see anything in there mentioning investment bond. Just typical filtering questions you would expect. Of course, you don't care about people having the right thing for them as long as you always give the same solution to everyone whether its right or wrong.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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