I got a 93 year old client that is the beneficiary on his wife's annuity with Jackson National, she died, they will let him continue it until age 95, then they force annuitization.

approx gain in the $300k contract is 50-100k.

Is there any good strategies for a 93 year old that wont cause a big tax hit...The annuities available for a 93 yr old are slim at best.

The man's bene is a church, no close relatives.

I was also thinking of a SPIA, but then we would need somewhere to stash the money.

Thanks,

Brian