No. of Recommendations: 0
A close friend of mine asked me to help him with his Mom's's the situation:

Existing Portfolio:
IRA at Edward Jones (Un-Foolish) $19,000
Investment account (Jones) $43,000
TOTAL: $62,000
Mom is 72 yrs old...the IRA is all in various Putnam Mutual Funds. The investment account is split...
$22,000 in Home Depot stock (bought 1997) and $21,000 in Putnam Mutual Funds. Additionally, mom just came into $100,000 that she wants to invest and live off.
Her only other source of income is her social security but her expenses are nominal as she lives with her son.


Should she liquidate the Putnam Mutual Funds for an Index Fund? I was thinking of recommending the Conservative Retirement Portfolio including the Foolish 4 and the Vanguard Bond Funds. Should she sell some of the Home Depot for balance or just leave it. I am also recommending opening a Discount Brokerage account to invest the $100,000.

I realize that this is pretty long...but any suggestions would be greatly appreciated.

Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
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.