HiMy father is 75 years old. He wants to put all the money he has in his retirement fund from work into an S&P 500 fund. Is this a good idea right now?(He has other money that is not invested. So, this is not everything he has going into this fund.)What do you fools think?
FoolsBestFriend, Find out what his Goals and Objectives are?As thee old saying goes, "Never put all eggs in one basket" because, we don't know what our economy is going to do. This is why we must diversified..S&P 500ought to be good along with Growth funds, maybe someBonds and Internation funds since, we're in GlobleEconomy...also, check into a Roth IRA'sIf he has Annuity, no-load Annuity might be his betteroption, fees are cheaper, Vanguard and Fidelity carriesno-load Annuity. Make sure you stay with no-load mutual funds fees are inexpensive Vanguard, Fidelity, and Janus funds arefew that are mention here.Does this help?Have a good day and Fool-on
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |