Mother Is 80 Years Old...Where Should Retirement Go?
Dave tells a listener where her retirement money would best serve her.
ANSWER: She’s probably not going to be investing for the long haul unless she’s investing it for her heirs. If she’s comfortable with where her money is right now and has a negative perspective of the stock market, don’t move her money. Do not steal her peace in order to put her money into a better investment tool.
If she’s willing to move toward a little better investment in mutual funds, start by moving a little bit of the money into growth stock or balanced mutual funds.