Register
A client wants a large sum of money invested for 6-8 months before he retires. Upon retirement, he will decide how he wants to reallocate his money. For the time being, all of the following would be appropriate
76.3k views
0 votes
A client wants a large sum of money invested for 6-8 months before he retires. Upon retirement, he will decide how he wants to reallocate his money. For the time being, all of the following would be appropriate investments EXCEPT

[A] a municipal money market mutual fund
[B] Treasury Bills
[C] an immediate annuity which charges a single premium
[D] a mutual fund designed for short-term investments and charges no sales load

User Momen Zaqout
by
5.7k points

1 Answer

1 vote

Answer:

an immediate annuity which charges a single premium

Step-by-step explanation:

Because annuities are supposed to be a long-term investment and penalties could be imposed if the annuity is surrendered, the annuity would be the least appropriate short-term investment choice. So this option is not optimal

User Coolprarun
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!