stephenson
Thinks s/he gets paid by the post
- Joined
- Jul 3, 2009
- Messages
- 1,614
Hi All!
Well, today my 40 year old son asked for advice! Yeah, some of you get it
You have seen my recent posts re my sister's passing - both sons were beneficiaries of her TSP account and her smaller Roth IRA. I also disclaimed about $125K in taxable assets (bond and equity funds) to each of them. The transfer are all complete and beat the timelines for transfer.
This son is well educated (VT CivE and W&M MBA), works for a technology company in their real estate department, remains unmarried and is so focused on work he doesn't always think about the future, he bought his first house about a year ago. He has his own taxable and 401K investments, and has discussed things a bit with my Fidelity rep - he has also been trading a small bit over the years, but mostly invested in mutual funds. BTW, I am a self-guided investor with Fidelity.
So, his questions will include:
1. What should I do with the new taxable assets?
2. What should I do with the new non-taxable (IRA and Roth IRA)
3. What asset allocation is appropriate for me?
4. Should I used mutual funds or ETFs?
5. What other things should I be doing?
We have discussed a lot of financial topics over the years, but he has never actually asked for advice ... he watched me go through the financial aspects of my sister's passing and perhaps has decided he needs to know more.
Another BTW - I gave he and his brother a copy of Bogle's book when they graduated from college.
Far ranging or focused comments and recommendations - all appreciated!
Well, today my 40 year old son asked for advice! Yeah, some of you get it
You have seen my recent posts re my sister's passing - both sons were beneficiaries of her TSP account and her smaller Roth IRA. I also disclaimed about $125K in taxable assets (bond and equity funds) to each of them. The transfer are all complete and beat the timelines for transfer.
This son is well educated (VT CivE and W&M MBA), works for a technology company in their real estate department, remains unmarried and is so focused on work he doesn't always think about the future, he bought his first house about a year ago. He has his own taxable and 401K investments, and has discussed things a bit with my Fidelity rep - he has also been trading a small bit over the years, but mostly invested in mutual funds. BTW, I am a self-guided investor with Fidelity.
So, his questions will include:
1. What should I do with the new taxable assets?
2. What should I do with the new non-taxable (IRA and Roth IRA)
3. What asset allocation is appropriate for me?
4. Should I used mutual funds or ETFs?
5. What other things should I be doing?
We have discussed a lot of financial topics over the years, but he has never actually asked for advice ... he watched me go through the financial aspects of my sister's passing and perhaps has decided he needs to know more.
Another BTW - I gave he and his brother a copy of Bogle's book when they graduated from college.
Far ranging or focused comments and recommendations - all appreciated!