Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: 1FoolThing Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: Retired Parent Looking to Invest Date: 10/20/2011 10:14 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My father is retired, 75 years old and in good health. He had some money that he came into that he wanted to invest (around $25000), but he's not much of an investor. He had been hoping to put that money in a policy that he had with his insurance company, but the agent came and was trying to talk him into buying either a deferred or an immediate annuity. He doesn't know what to do and I'm not sure that an annuity would be the best course for him.

He gets by alright on his social security, but would like some more income to supplement this. He has no debts, so there is no need to pay anything off. I'm wondering what advice anyone can give about where he should place his money. He's never done a good job about getting his assets in order, but he says that he has upwards of $100,000 available to invest. Outside of a good alternative that is simple enough for him to follow, I think he'll end up going with whatever the insurance agent recommends for him.

Any advice is greatly appreciated.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
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.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement