That is going to be difficult to do. How much do your parents have saved up? Do they have sizable equity in their business?If they have little cash reserves and little equity, all I can advise is to save, save, save, and invest in equities so that they can take advantage of capital appreciation as best they can.If I were them, I'd try to put away the full amount that they can into a Roth every year until they no longer can. That will be a little nest egg, and that should be in stocks. Your mother will get a pension, so that helps. But, if that's not going to be enough with their social security, they need to get invested and invested now.
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