Brat
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My brother is in his late 50’s and will soon be getting $ from the sale of his house. He has asked me to help him invest this money as he has no experience in such matters. :
He receives a modest occupational disability annuity payment and is now living in an “affordable housing” apartment. This money may be used to buy another home 2 or more years from now, or may be used to augment his retirement income. For that reason I want to guide him to investments that at least keep up with inflation and have some growth potential.
Here is what I am thinking: $30,000 in I-Savings Bonds. The balance split 50/50 between Vanguard’s Global Equity Fund (VHGEX) and Retirement Income Fund (VTINX).
Comments friends, please.
He receives a modest occupational disability annuity payment and is now living in an “affordable housing” apartment. This money may be used to buy another home 2 or more years from now, or may be used to augment his retirement income. For that reason I want to guide him to investments that at least keep up with inflation and have some growth potential.Here is what I am thinking: $30,000 in I-Savings Bonds. The balance split 50/50 between Vanguard’s Global Equity Fund (VHGEX) and Retirement Income Fund (VTINX).
Comments friends, please.
