I just completed for my mom what your doing now. First I would speak with a professional planner since they will have an opportunity to explore your parents monthly needs. My mother is invested in "safer" funds through the Best of America series with Trans America. Should be getting her about 8- 10% annually. She will be able to withdraw at a nice rate and her money should technically "outlive" her. I would also reccommend that you explore Long Term Care insurance. I have found that care at nursing homes as well as home care can cost upwards of $4000 per month. That can easily wipe out a lifetime of savings. Hope this helps a little. Good luck
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra