My mother is 70 and has a solid income stream (pension, SS, annuity) of about $30,000 .... she also has about $70,000 in Fidelity non-IRA mutual funds. It is almost ALL in stocks. I think that is way too risky for someone her age.
I'd like to suggest to her a fund that will produce income with relatively low risk. I am looking at the Fidelity Freedom Income Fund as an option for her... any opinions?