Alva Reese is $65$ years old and getting ready to retire. She called her investment broker to help her decide what to do with the $$50,000$ that she has in the stock market. Alva told him that she didn't want any risky investments but hoped for an investment that was relatively safe and offered steady income. She had heard that bonds were safer than stocks and asked the broker how he felt about bonds. Her broker said bonds were a good safe choice and the ones he had in mind would offer her a high yield. He recommended that she invest all $$50,000$ in corporate callable bonds. Alva asked him to explain what callable bonds were and he told her the explanation was too technical but they were a safe investment that would serve her needs.

Discuss a list of the factors that Alva and the investment broker should consider before deciding how to invest the $$50,000$ and discuss your recommendation for how Alva should invest the $$50,000.$