 Quote:
Originally Posted by km4hr
The husband of a long-time family friend died two years ago. He managed the family investments and had essentially all assets (about a million) in US gov't bonds. She is about 80 years old and in excellent health. She has a pension that covers her expenses and no debt. She turned to me for advice on protecting/investing her money.
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What is her longer-term goal for this money? ("Longer-term" being a relative term for an 80-year-old.) Does she plan on withdrawing from this pool of money for her own use? Or is this something that is intended to be primarily passed to heirs?
I think that would help determine whether it's appropriate to take a chunk of this and go for growth in somewhat riskier investment vehicles or if it should all be locked down into "safe stuff."
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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