The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Conservator Investing||Date: 5/11/1997 8:36 PM|
|Author: dpbrown||Number: 37 of 76418|
I am my father's guardian and conservator. He doesn't have much, less than $10K. But, I would like to invest what I could, to make sure that Social Security and his Navy pension will stretch.
My first question, how do I set up an account with a broker, so that it is in his name and using his SSN? Will I need to provide proof of conservatorship?
Second question, I would like to use the strategies here, but am unsure how to allocate his limited funds. He is 66 years old and will likely live into his eighties. Should I just invest in the Vangaurd Index Fund, or be more aggressive?
Thanks in advance!
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|