My mom is 86 with dementia and we want to sell her home and invest the money into an annuity or MIGA so that she can have some monthly income coming in addition to SSI.
my question is whether she will have to pay taxes on the sale of the house if she is not investing the money back into the purchase of another home.
is investing the money into an annuity or MIGA a good idea?
thanks in advance
