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URL:  http://boards.fool.com/it-is-not-necessary-to-pay-a-financial-planner-to-11669803.aspx

Subject:  Re: Investing for parents Date:  12/16/1999  3:14 PM
Author:  Melman Number:  16424 of 76384

It is not necessary to pay a financial planner to do the basics for you--although an FP will bring lots more ideas to the table and the skills that go with it--for a price.

Indeed.

Please see my posting #16178 on this board for an explanation of why I'm trying to get my parents to use a planner.

But back to the original question. How should a person invest who is heading into retirement with only $130K of assets? Unfortunately, I think the answer is "I wish you had asked me this question 20 years ago." 3 to 5 years expenses in Treasuries might well eat up the entire $130K.

I think one must be extremely cautious in such a situation, and part of the answer (depending on the exact circumstances, of course) will probably be to defer retirement and begin a conservative investing program immediately.
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