UnThreaded | Threaded | Whole Thread (83) | Ignore Thread Prev | Next
Author: Cromely Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35930  
Subject: Re: Plan For Mom Date: 6/14/2003 4:10 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I realize this started out as just a question of how to invest the $100,000, but the thread has turned more into how to manage your monther's finances for the next 40 years.

One option I haven't seen mentioned yet would depend on your mother's personality. For some people at that age, it is not an unreasonable option but it does depend on her health and what she wants to do with her retirement.

Does she plan to stay in the workforce? A part time-time job at someting she enjoys could be a good option. It doesn't have to be something that pays extremely well. Since her current living expenses are already more than satisfied, part time income may be entirely directed to growth investing. If she puts it all in stocks, and the market tanks, she is at least not behind the eight-ball.

Finally, I have seen retirement itself have a negative effect on some people. Not having something to do can really eat into a person's health -- both physical and mental.

Again, this is a highly individualized concern; YMMV.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (83) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.