RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
Parents, ages 79 and 73, inherited about $150,000 about 18 months ago. They asked my advice what to do with the money and I had them put it all into Wellesley.
They have pensions and social security to cover basic living expenses and will draw from the Wellesley account as needed for any travel, major purchases, or other wants.
Personally I have always been about 100% invested in stocks so not sure what was appropriate for their ages. They would probably have just put it all into CD’s if I deferred giving them my opinion.
Did I give them sound advice?
They have pensions and social security to cover basic living expenses and will draw from the Wellesley account as needed for any travel, major purchases, or other wants.
Personally I have always been about 100% invested in stocks so not sure what was appropriate for their ages. They would probably have just put it all into CD’s if I deferred giving them my opinion.
Did I give them sound advice?
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