Close Friend who Came into Some Money

I have a friend of the family that just came into some money 300K+



late 50's. risk averse. my first thoughts on recommendations were an indexed annuities. Since, I could care less about making a commission on my friend. I began to think about what I would do with it.



While I am younger and would be more inclined to under go a higher risk/reward situation. Would it not be better for my friend to just follow the basic index annuity chassis on their own volition?



e.g. directly invest 95% into municipal bonds and 5% into 1 yr call options on an index. and just re-asses annually. Essential

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