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Question: "Hey! This is Speedy Gonzalez, I currently drive a 2015 Chevy Suburban and live in Western New York. My drink of choice is Tailwind Electrolytes to give me energy while I'm trail running the Adirondack Mountains. If running up mountains is not discouraging enough, I will listen to your podcast to make it a little more painful. I am kidding of course, I appreciate all the great information you provide in such a jovial way.
My 14-year-old is about to be awarded a settlement from a municipality for an amount just over 100k. I was informed that because he is a minor the investing options have to be principle protected. I don't want him to have full access to the entire amount when he is 18 for multiple reasons. I am concerned about it affecting his financial aid packages for college, taxes and I feel that it is a large amount of money to hand someone with such a small amount of life experience. I would greatly appreciate your spitball on the two questions below.
1. I've been told to use an annuity as a principal-protected investment because it would not impact his college financial aid as long as the disbursements were done correctly. Do you agree that an annuity is the best option or are there others that I should consider?
2. What is the best way to ensure the disbursements are done in way that will set him up for the most success? Thank you again for your spitball and I look forward to hearing your thoughts."

Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
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• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.

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