Money in CD need to reinvest afer retirement

We have a great amount of money in a CD, my husband will be retiring next Dec 2015. Where is the best place to put this money so we have Bonds Cash and stocks?we were advised to put it in a 2 different Annuity for 3 and 5 years and the rest in stock? This makes me nervous!Thanks for any advice. Debbie

Terry Says:  Well, the money isn’t going anywhere in the bank, so don’t be in a rush.  I can’t see any reason for you to buy an annuity.  You will be in a lower tax bracket when he retires, so no need to get tax deferral  — except to give the salesperson a commission! What you really need is a fee-only financial planner who is not trying to sell you something!  Send me an email at Terry@TerrySavage.com, let me know where you live, and I will try to point you in the right direction.  Or go to www.FeeOnly.org to get a certified financial planner in your area who is not trying to sell stuff to you!  There’s a lot more to discuss than just your investment allocations — issues like taxes, minimum required withdrawals, planning an income stream, your estate and insurance situation etc.  So you need some overall advice.