STC wrote:What is the rate on the car loan, the mortgage, and the proposed CD?
TRC wrote:They don't understand the mechanics of asset allocation and rebalancing, so one fund would be ideal.
sometimesinvestor wrote:No problem with the investments proposed by livesoft and STC except that even if i bonds are ok in IRAs it seems wrong to put them inan ira as the advantages vanish. I will also note that schwab has decent low cost index funds and a 10% stock, 60% short term and the remainder in intermediate bonds or cds would be easy to do
TRC wrote:My parents (ages 69 and 72) have about 100K in an IRA at Schwab. Currently it's invested in CDs and they are maturing. They had a free consultation from a Schwab "Advisor" who is reccomending a 25% / 75% split of equities to fixed income. I've yet to see the report, so I can't comment on the funds and expense ratios.
What I do know is that my parents are very risk averse. They both have pensions that fund 100+% of their retirement needs, so this is their only nest egg (so to speak). Debt wise they have a small mortgage (~50k) and 1 car loan (~15K), but they have no desire to pay these off early with this money (I've already suggested they do so).
Any suggestions on where they could invest this money? Ideally at schwab? They don't understand the mechanics of asset allocation and rebalancing, so one fund would be ideal.
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