Right now its the tech stocks that are recovering the best. So if they still own tech stocks, it is tempting to keep them. They are going up faster than anything else. Technology stocks are once again in the Business Week top performing sector funds list. The only thing better seems to be gold stocks (precious metals) at the moment.Some diversification may be in order. I agree with the previous poster, your fathers fund manager seems to be doing a good job. He is worth what you are paying him. But let him know of the desire to diversify. Yes, yield investments can be untimely due to possible rises in interest rates, but it certainly sounds like the Fed is not going to raise interest rates any time soon. So perhaps the risk is not huge at least for a while.Your father should be doing some overall financial planning. With a large IRA, he needs to work out when best to take distributions to avoid mandatory distributions. In other words, he will want to time his distributions to minimize income taxes if he can. It looks like their combined income prevents a Roth conversion. Besides they are not usually adviseable for large accounts. Roth conversion work best when your income tax rate is low. For a large account, that often means never--unless stocks fall and you do it when the market is down.His assets are large enough, the assistance of a professional like a financial planner may be in order. His estate appears close to the Federal estate tax exemption. So that too could be something to think about as the details change every year under the current law. And your state's probate laws should also be considered.Best of luck to you.
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