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Re: Trying to help my mid-60's parents with their retirement $$$, have questions
Old 01-25-2007, 07:56 PM   #21
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Re: Trying to help my mid-60's parents with their retirement $$$, have questions

Ugh certificates of depreciation.
Would they be ok with some money in funds. Maybe 25% ?
At this point I wonder if there are any advantages to cd's when you have people paying so much on higher yield accounts. Like the one with ing.
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Re: Trying to help my mid-60's parents with their retirement $$$, have questions
Old 01-25-2007, 08:52 PM   #22
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Re: Trying to help my mid-60's parents with their retirement $$$, have questions

Sounds like they'd be comfortable with something between Money Market - About 5% yield ignoring taxes. You can write a few checks a month from this account. ($250 min.)

and

the Penfed CD's others have mentioned.

Personally, I'd go with Vanguard Target Retirement Income Fund

But, that may have too many stocks (30%) and be too volatile for their tastes. The Target Retirement Income fund would be expected to hold up against inflation better than just CDs or Money Markets.

I'd encourage leaning more towards CDs and the Money Market if they're not used to stock market risk.

As far as the Roth, I think they can "only" put $5k (I think? Assuming they're over 55?) each into it, assuming they have enough earned income.

-CC
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Re: Trying to help my mid-60's parents with their retirement $$$, have questions
Old 01-25-2007, 08:59 PM   #23
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Re: Trying to help my mid-60's parents with their retirement $$$, have questions

not bad
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