urn2bfree
Full time employment: Posting here.
- Joined
- Feb 14, 2011
- Messages
- 852
Maybe the title is damning with faint praise, but you all have demonstrated some great discussions about money on these forums so I come to you on behalf of my brother...and my mother. She cannot manage her financial affairs but otherwise is independent.
My brother is tasked with assuming investment control over my mother's assets now that my father has died.
She lives alone in a rented independent living place and is spending well less than 4% SWR currently. And with life insurance payouts on my father's death her portfolio is about to get a 30% boost.
So what should be done with that lump sum?
I believe given that she does not need it- and I am not lobbying for her to give big gifts to her kids right now- she can ivest it 100% in stocks and it should just go into a low cost Total Stock Market Index Fund. Her current AA is roughly 50/50. Her life expectancy is 8 - 10 more years.
Obviously this decision likely will affect me as I will inherit a significant fraction of what she has when she dies.
(Also, my brother is looking for my input.)
Sent from my iPad using Early Retirement Forum
My brother is tasked with assuming investment control over my mother's assets now that my father has died.
She lives alone in a rented independent living place and is spending well less than 4% SWR currently. And with life insurance payouts on my father's death her portfolio is about to get a 30% boost.
So what should be done with that lump sum?
I believe given that she does not need it- and I am not lobbying for her to give big gifts to her kids right now- she can ivest it 100% in stocks and it should just go into a low cost Total Stock Market Index Fund. Her current AA is roughly 50/50. Her life expectancy is 8 - 10 more years.
Obviously this decision likely will affect me as I will inherit a significant fraction of what she has when she dies.
(Also, my brother is looking for my input.)
Sent from my iPad using Early Retirement Forum