Customer Q, age 40, is married with 3 young children. He earns $120,000 per year and has $10,000 of liquid assets to invest. The customer has no current portfolio, but does own his home, worth $400,000 against which there is a $200,000 mortgage. The customer informs you that his father just died, leaving him an inheritance of $150,000. He wishes to invest the money so that he can retire in 20 years, using the investment's income. The BEST recommendation to the customer is to invest the $150,000 in__

A low load variable annuity separate account with a growth objective

Explanation:

The target of the customer is to retired when he is about 60 years old, since he has no portfolio a large capital fund mutual funds will not provide lot of income and it comes with a greater risk and very risky .

The best recommendation for this customer on investing his money is a low load variable annuity separate account with a growth objective since variable annuity will pays until the customer dies which best meets his objective

answer; /// the correct answer is (shared); /// good luck

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;