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Author: PosFCF Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79818  
Subject: Re: investing for income at 77 Date: 9/19/2003 8:22 PM
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So my mother-in-law (age 77) just came into some ca$h after her cousin died. She would like to invest some ($120,000) to suppliment her monthly income. What would be the best vehicle to do this?

Not nearly enough information here to give a good answer. What level of supplemental income is needed/desired? What is your mother-in-law's experience level vis-a-vis stocks and bonds? What is her tolerance for risk? Does she have an existing relationship with a financial advisor? What role will you play in all of this? What is her taxable income situation now (i.e. will added income change her tax brackets?) Is the added income necessary for expenses or will it just be accumulated? What is her health status? How will whatever securities are eventually gotten be titled (probate and estate considerations here) etc., etc.

Many good financial advisors will give free consultations on the chance of getting her account.

The above questions don't have to be answered in a public forum, but they should be addressed as a matter of course with any good financial advisor as part of the "know your client" process.

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