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astromeria · 04-06-2006, 04:20 PM

Thanks for the laugh--OLD FOLKS indeed!! At 48 I started my last and most lucrative job--the one with the stock options that were worth something...for a few months, anyway. Ya want old folks? My mom is 80 and last I checked is still invested thusly: 68% individual corporate bonds, 24% dividend-paying stocks (individual, not in a mutual fund), 8% CDs. All in a traditional IRA rolled over from a pension she took as a lump sum. (She never saved anything for retirement either, but she had a pension coming.)

So, dude--will your parents get any pension or employer-paid health insurance? I hope they're convinced to sock away big bucks at last. If they get bonuses at work and have any debt, I hope you can persuade them to use the bonuses for debt reduction--or if not, for investment. I didn't start socking away more than 8% till I hit 40 myself, so I know how easy it is to be a slacker.

I think target retirement plus EFA and/or EEM is fine--it's how I recommended my kids do their Roths to start.

04-06-2006, 04:20 PM	#13
astromeria Moderator Emeritus Join Date: Aug 2005 Posts: 1,375	Thanks for the laugh--OLD FOLKS indeed!! At 48 I started my last and most lucrative job--the one with the stock options that were worth something...for a few months, anyway. Ya want old folks? My mom is 80 and last I checked is still invested thusly: 68% individual corporate bonds, 24% dividend-paying stocks (individual, not in a mutual fund), 8% CDs. All in a traditional IRA rolled over from a pension she took as a lump sum. (She never saved anything for retirement either, but she had a pension coming.) So, dude--will your parents get any pension or employer-paid health insurance? I hope they're convinced to sock away big bucks at last. If they get bonuses at work and have any debt, I hope you can persuade them to use the bonuses for debt reduction--or if not, for investment. I didn't start socking away more than 8% till I hit 40 myself, so I know how easy it is to be a slacker. I think target retirement plus EFA and/or EEM is fine--it's how I recommended my kids do their Roths to start. __________________ You can't always get what you want, but if you try sometimes, you might find you get what you need.