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davidwatts
Guest
My Aunt has recently entered a nursing home with annual fees of €55,000.
I am her sole relation and have been asked to look after her accounts. Her house was recently sold and at present there is €500,000 sitting in an AIB deposit account attracting minimal interest.
Does anyone have any recommendations on the best type of investment for the €500,000 to try and generate €55,000 per annum.
My Aunt is 82 so I am not hugely worried about eating in to the capital sum but would hope to ensure it could pay for her fees as long as she is alive.
I am her sole relation and have been asked to look after her accounts. Her house was recently sold and at present there is €500,000 sitting in an AIB deposit account attracting minimal interest.
Does anyone have any recommendations on the best type of investment for the €500,000 to try and generate €55,000 per annum.
My Aunt is 82 so I am not hugely worried about eating in to the capital sum but would hope to ensure it could pay for her fees as long as she is alive.