AnnuityWhat about an annuity?

Obviously, if you are getting a retirement payout or have regular annuity payments setup, those would be used as well. 

IMO it's a niche product like an annuity. 

This is a great opportunity to listen to your CPA who knows about your taxes, finances, different type of IRAs. annuities, life insurance.

As much as I hate annuities, you might speak with an annuity agent about the employer awarding a bonus in the form of a single premium deferred annuity invested in index funds and that you do not have the right to access until a date certain and then a full payout over time.

That's why you see so many annuities out there for people who don't need them. 

Annuities and life insurance can be a hedge against market volatility, but they should be part of your plan, not all of it. 

IMO better options- If you don't need the money in the next 10+ years look into Annuities I'm seeing 7-9% and you don't have to participate in market downturns.

I referred her to a New York Like insurance agent and the agent sold her an annuity.

So we (not meaning me) buy annuities where everything will be 'ok' when we retire.