Jim or others,

For a single 85-year-old woman in very good cardiovascular and cognitive health, with more than a half million $ (but less than a million) in total savings and assets, is there a particular type of annuity that make be worth a look for a portion of her money? (Or an alternative to an annuity worth considering?)

She currently lives in the independent living area of a Continuing Care Retirement Community.

The bulk of her savings are in an IRA, and a fairly sizeable remaining chunk is being held by the CCRC in the form of her entrance fee. The exact details of what that entrance fee money can be used for, and how much can be used, I plan to research more thoroughly.

Any thoughts or feedback greatly appreciated as always!