Responsible Ways To Use A Monetary Gift
- By
Julia Austin
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What to do with $50,000
Should something major happen, such as the loss of a loved one who leaves you with an inheritance, you may come into something much bigger. If that happens, there are a few things DeFreitas recommends doing. One such thing is getting into an index annuity. This differs from a fixed annuity in that, while it guarantees a certain return, that amount is fixed, hence the name, so there is no opportunity for higher swings in return. The return you see on your index annuity can vary with the market, but that can mean the potential for very high earnings at certain times. Speak to your financial advisor to get more information and see if this is a good choice for your overall plans.
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