A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid

Question

alexandr402 [8]

3 years ago

15

A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid

e income. Which is the BEST recommendation

Business

1 answer:

sasho [114] · Answer 1 · 2022-05-14T10:38:18+03:00

Answer:

Bank Certificate of Deposit (CD)

Explanation:

For the 65-year old widow in this scenario, the best recommendation would be a Bank Certificate of Deposit (CD). A traditional Bank CD is a time-bound deposit, in which you enter into an agreement to let the bank use your money for a fixed period of time, and in return, the bank pays you a higher interest rate than it would for a traditional savings account. Thus providing a good income with very low risk.