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Fruji,
I agree, pick one of those retirement dated funds that have a mix of stocks/bonds, or just a vanilla Balanced Fund is hard to beat too.* I personally dont like the rigidity of the fund manager being forced to hold a certain percentage of stocks/bonds.. whereas in balanced funds, they are often lax enough that the fund manager can swing the stock bond ratio from 30-70% and back, if he deemed it necessary.
>My second advise is to just let the rollover IRAs sit, and then buy them a new fund for each of them to invest in.* *Why you ask?* Because i'm just guessing those rollover funds are of the Traditional IRA variety.* *Presuming i'm guessing right, I believe they'd be better off in a Roth IRA since it allows them to effectively contribute more per year, and the withdrawals eventually would be tax free.* *There are other benefits of Roths too (such as penalty free withdrawals at any time of contributions only.
Its never too late to start.* *At their age, i'd have them consider it nonnegotiable that they max all of their legal retirement fund options.* *Meaning if the max is 4K per account for IRAs this year, then they should definitely max them.
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