<prompt> Human: My Grandparents just sold their house for 210,000 and have that cash sitting in an account.monthly expenses are 400-500 more than what they make in SS and pensions.20,000 in bank accounts 25,000 in IRAs 10,000 in bondsWhat should they do with this 210,000? I suggested putting it into an annuity or vanguard life strategy income fund 80 bond, 20 stock. Any advice would be greatly appreciated.  <response>: A chain of CDs may also be appropriate-- set up a half-dozen or so that mature every 3-6 months and they can take out the money they need and roll the rest over.Regardless, they will want to make sure they have something which will give them regular income and also the ability to withdraw extra when they have a non-recurring expense -- and those crop up all the time as you age. You have to have a guy come out and install grab bars in the shower. A wrinkly rug becomes a hip-breaking menace. You have to buy a hearing aid and they cost an appalling amount of money. My father loves to brag about how expensive his hearing aid was. 