The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Unexpected windfall||Date: 6/22/2007 12:10 PM|
|Author: 1Apocalypse||Number: 94974 of 121105|
My parents have sold some real estate, and my mom (noting my vast experience of 3 yrs at the Fool) wants me to manage the money. Actually, what she said was "Take it and pay for your son's college. Invest it. Do something with it, I don't know what to do with it."
Translated, she figgered I (with the Fool's help) could do better than a CD.
So she's thinking of sending me a cashier's check, and I wasa thinking of dropping it into my Freetrade => Ameritrade account and buying her some mutual funds or something.
I ran my thoughts by the good folk on the HG Philosophy board, and got some good feedback, but the consensus was "Better post that on the Tax Strategies Board"... so here I am.
Maybe I should open an online account for Mom with her tax ID. That would seem the simplest thing...
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