Father Received Lump Sum For Retirement?
Nigel just received a hefty retirement lump sum. Where can he maximize it?
QUESTION: Nigel says his father just received his retirement in a lump sum of $90,000. Where should he invest that to get the highest yield?
ANSWER: The best place to invest is in good growth stock mutual funds – growth, growth and income, aggressive growth, and international – if you’re going to leave your money alone for at least the next 5 years. He’s not going to make a ton of money off of that investment in one year though.