Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Help for a friend
Old 06-05-2007, 03:42 PM   #1
Recycles dryer sheets
Tandemlovers's Avatar
 
Join Date: Aug 2006
Posts: 145
Help for a friend

Long time lurker here, trying to help a recently divorced friend of mine.
She has recieved a divorce settlement of ~650K and is 45 yo.
She has rolled it all into Vanguard, but it has been sitting in a MM fund for about a month.
She's asked me for advice on how to allocate the funds, and is in it for the long haul with pretty good stomach for risk.

Anybody have any ideas?
__________________

__________________
Tandemlovers is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-06-2007, 04:21 AM   #2
Recycles dryer sheets
racy's Avatar
 
Join Date: May 2007
Posts: 404
If I was in your shoes, I'd have her pay off any/all credit card debt first. Not knowing what her goals for the money are, nor what other investments she has, but assuming she'll use this for retirement, then I'd have her put the balance into one of those target date retirement accounts. That would get you out of the position of having to be responsible for oversight and rebalancing as time goes by.
__________________

__________________
The Big Lebowski: Are you employed, sir?
The Dude: Employed?
racy is offline   Reply With Quote
Old 06-06-2007, 09:27 AM   #3
Confused about dryer sheets
 
Join Date: May 2007
Posts: 7
I believe that Vanguard offers free financial planning services for amounts over $100,000 (new money) invested with Vanguard.
__________________
debster747 is offline   Reply With Quote
Old 06-06-2007, 09:39 AM   #4
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
I think anyone would need a lot more information to give a really meaningful reply to your question, msmart. Like when she might need the money, what her obligations and income it, risk tolerance, etc.

But in the most general context with long-term money and average risk tolerance, she probably can't go wrong with a target fund until she sorts things out a little.

Careful about giving this kind of advice - you could end up being blamed for the performance of the portfolio. I like the idea of referring her to some independent advisor to at least get started.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Its funny joke Thursday! cute fuzzy bunny Other topics 3981 09-20-2016 04:19 AM
MY "best" friend really baffles me. Friends? hmmm... (long) thefed Other topics 37 09-21-2007 04:36 PM
help! friend peddling WFG and VUL's bright eyed Young Dreamers 41 01-30-2007 09:19 PM
Help for a Dear Friend Vincenzo FIRE and Money 13 10-25-2006 11:35 AM
Helping a friend with car purchase fiasco WanderALot FIRE and Money 32 08-02-2005 02:33 PM

 

 
All times are GMT -6. The time now is 04:32 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.