First off, thanks for reading my long post.Recently, my 45 year old mother received $850,000 as her share of a 20 year marriage that ended in divorce. She spent most of her marriage working on the family farm. She did not pay out any in social security or build her resume and now is working for a local fire department for around 25k a year. I am trying to help her with her financial situation and retirement and would appreciate some honest advice.I currently work in the finance industry, have my series 7/66, and have a strong interest in personal investing. I think I would be able to manage her finances effectively and am currently weighing her options. She would like to be able to retire on the money in about 10 years. As for withdrawals: taking out about 10k yearly for a standard of living increase and also taking out 250-300k in a year or two for a house.I have been thinking about the portfolio below as a possibility. Rebalancing and maxing out a traditional IRA yearly.33% - Investment Grade Bond funds (4 – 5 year duration)33% - TIPS16% - Large Cap Equity (Index funds) 6% - Small Cap Equity5% - International Equity4% - REITs3% - Precious MetalsObviously she is very risk averse, will be needing income during her retired years, and could probably use some growth over the next decade. 30% of the money needs to be liquid enough to buy a house in a year or two.She just recently tucked about 400k into 7 month CDs for about 4% annual return. Although these are safe investments, I feel like she could get a better return on her money.My questions:Recommendations on a brokerage firm?Is this a decent portfolio?Should we consider paying a fee-based advisor instead?Any specific funds or products worth mentioning?Any general advice?Thanks for any help. Let me know if you have any questions that would help clarify the situation.-K
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