Durston Design

My wife has decided that we need to purchase a Single Premium Immediate Annuity although we are not scheduled to retire for a minimum of another ten years. She wants to do this because we just received an inheritance from an aunt of hers who passed away. She is scared we will blow the money instead of using it wisely. I don’t disagree with her in every respect, but I think we should put the money into a CD or some other investment vehicle for the next ten years. That would be smarter in my eyes. We have an appointment with our financial advisor tomorrow to see what he thinks.