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I had not considered an annuity. I have/had the impression that annuities were a bad deal over 80 years of age. My ignorance? I'll have to take a look and study the SPIA. Also, mom is dead set (no pun intended) on preserving and leaving the current equity that she has to her 3 children. Fortunately,...

Hello everyone! I'm new to the forum and looking for some friendly advice. Mom, 84 years old, has a portfolio made up of Vanguard funds. She is leaving her apartment and moving into an Independent Living Facility. From what I calculate she will need to take about 5% of her Vanguard assets annually t...