Need suggestions for someplace safe to place IRA money
DH has an IRA inside a fixed annuity. It has matured. Need to do something with the money. Going to renew at 0.5%, if nothing done. He is not an investor and does not understand stocks, etc. He wants something safe that pays a better return and he will not lose any money. Seems like a lot of people push those fixed indexed annuities that sound too good to be true. Most people advise against them. What options does he have since it is IRA money, the only money (except for some savings) he has? Being a senior he doesn't want to lose any in the stock market. Suggestions?
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