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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75633  
Subject: Re: investments for the non-financially literate Date: 4/19/2013 4:17 PM
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Friends are 65 and 66 and about to retire. They've paid almost no attention to their 401ks over the years and just got an inheritance and have sheepishly asked me for advice. They're a bit vague on amounts, I think a couple hundred thou apiece in 401ks (maybe $4-500,000 total) and a few hundred thou cash inheritance plus savings. Very small Roth accounts as they didn't know of them till a few years ago. Maybe $20k apiece. They're frightened by tales of nefarious investment advisors and don't want to go that route, and also want to do as little management themselves as possible.

Sounds like they might want to look into one of Scott Burns' "Couch Potato" portfolios. http://assetbuilder.com/couch_potato/couch_potato_cookbook

AJ
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