> Investing is an index fund provided by any one of several major financial houses is investing in America and over the long haul is risk free. <
That is excellent advice for any young person! But the key phrase there is “long haul”. What about a senior citizen who needs monthly income?
Banks now pay next to nothing. Bond rates are not much better. I guess you could consider annuities and reverse mortgages. But those things give me the willies.
And then there are dividend-paying stocks. But then you’re taking on market risk. Should a senior citizen be risking a good portion of his savings in the market? I just don’t know.
P.S. I’m really not asking for myself here. Just throwing out something for comment.
Rather than being anti, check out mutual funds from say Fidelity or Vanguard. They have funds that provide relative safety and regular pay outs.