Mom inherited 500k, knows nothing about investing
My mom is retired, epileptic, and is very nervous about the money drying up. She is unable to be hands on whatsoever, and just wants something safe that will produce an income stream. What are her safest and best options? I want to help her. I have studied real estate for 2 years now and can find cashflowing deals for her but I am still a newbie. I’ve never actually done anything in real estate, she would be willing to invest with me but I would be terrified to lose her money.
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Someone above suggested an annuity, which is bad advice to be giving without knowing much more about your Mom's situation. With ANY investment, annuity or otherwise, probably the most important question to ask the SALESMAN, because that is who you're dealing with is the following;
If I buy this NOW and sell it TOMORROW, how much of my original price will I get back?
That will tell you how much commission the salesman is earning.
Another bit of help regarding asking for financial advice, anyone can call themselves a FINANCIAL ADVISOR, many insurance agents and CPAs do this. Only a very few can call themselves a CERTIFIED FINANCIAL PLANNER. To do that requires adherence to s very strict code of ethics.