Investment of inheritance money

Hi Terry! I’m 65, married, still working, have diverse buckets of retirement money, husband retired with monthly annuity (guaranteed for life) and SS money that brings us to his monthly income he had while working.

I’ve recently come into a good size inheritance. It is sitting in checking account now, and I want to invest smartly. With all the uncertainty, I’m very apprehensive. Our financial advisor, who we trust, encouraging a 6-year “indexed linked variable annuity” (S&P 500) with a “guarantee against loss” up to 20%. Others tell me annuities are BAD. Thinking of putting some in that and some in a mutual fund. Is now a bad time to do this? Buy low, yes – but don’t want to lose if it sinks lower. Where’s my crystal ball?!?! Should I put it in 4% money market for now? Would welcome any thoughts.