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Old 06-02-2014, 05:59 PM   #21
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Originally Posted by Rustward View Post
......... I think it is more important to control one's spending than to go for the absolute lowest fees, but to each his own.
I don't think that it is an either / or question. I don't waste money on stuff I don't need and I invest at low expense ratios.

Yes, I have achieved work / life balance.
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Old 06-03-2014, 04:37 AM   #22
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Originally Posted by travelover View Post
I don't think that it is an either / or question. I don't waste money on stuff I don't need and I invest at low expense ratios.
+1 exactly what i was thinking. Low ERs is just a different form of controlling one's spending.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
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Old 06-03-2014, 10:46 AM   #23
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Originally Posted by pb4uski View Post
The less conservative alternative would be Vanguard Wellesley.

I recently helped a friend get out of some fixed annuities. She is now in Wellesley and have set up an automatic transfer from Wellesley to her checking account and that cash flow helps with her monthly expenses.

Show your folks the growth of $10,000 for Wellesley and Vanguard Prime MM fund (that would be broadly comparable to investing in CDs).
I think you will have great success if you can get your parents to follow this. Much better return than CD's, and the periodic income sounds like it will help them out. Only slightly more risk, but a lot more upside. CD's do not even keep up with inflation!

Hopefully your parents can be open minded, but you are commended for being there and trying to help them out.

After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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