No. of Recommendations: 0
no kids
pension and soc sec cover expenses
fairly good health
All our money in cash now.

How to invest our money?
Print the post Back To Top
No. of Recommendations: 1
What is your goal? If your expenses are covered, are you concerned about leaving money to heirs, covering potential assisted living/nursing home costs—what?

Your goals would govern investment choices.
Print the post Back To Top
No. of Recommendations: 0
goals
money for assisted living and us enjoying the money while alive
Print the post Back To Top
No. of Recommendations: 2
goals
money for assisted living and us enjoying the money while alive


Then it sounds like liquid cash is a good place to keep your money, so you can start enjoying it.

AJ
Print the post Back To Top
No. of Recommendations: 0
Cash for the next several years of spending, short term bond ladder for the remaining.

The key unknown is life and health expectancy, 10-20 years life expectancy is reasonable. Balancing your ability to enjoy life now while you're (hopefully) healthy and mobile vs when you're not is a hard decision.
Print the post Back To Top
No. of Recommendations: 0
I'll tweak my response a bit, with a 10-20 year life expectancy, a conservative (as you have minimal replenishment ability) stock portfolio is reasonable. A balance of gain and preservation is reasonable, with a 10-20 year future inflation is a risk.
Print the post Back To Top
No. of Recommendations: 0
Wan says: goals
money for assisted living and us enjoying the money while alive


Are you in assisted living? On the list to get into AL?

What does "us enjoying the money while alive" mean to you?

You might also plan to spend more in the near future for "enjoyment"?
If there are any big ticket "bucket list" goals, get them accomplished.

If you "wait"... well life has ways of imposing obstacles?

Good luck 🙂
ralph
Print the post Back To Top
No. of Recommendations: 0
"How to invest our money? "

*****************************************************

Given that you are already 80 years young, what are your plans? Are
you concerned that your current haapy expense coverage will not hold true
into your 90s and beyond?
Is investing something that you feel you will enjoy? Act as a kind of hobby?

Do you already own property? A condo? A lake house? An RV?

Investing entails risk - what portion of your cash would you feel OK about
possibly declining in value?

Howie52
Investments typically need to be things you understand and are comfortable in
the investment and risks. Generally, folks can effectively invest in any number of ways
and use any number of devices. The more critical items are setting goals and recognizing your
own comfort levels.

Good luck - and have fun with the search.
Print the post Back To Top
No. of Recommendations: 0
"goals
money for assisted living and us enjoying the money while alive "

******************************************************************************

Well - assisted living comes in a lot of variations - getting help around the house -
moving into an assisted living community or center - being placed in a assisted
living "home" - nursing care - mental care. What are the costs like in your area?
What are you thinking about?
How long are you guessing that one or both of you may need the help? If one needs the help
what will the other one do?

Since you also want to enjoy life - you sound as if you want to retain control on the funds
and want to decide for yourselves whether the funds should be spent for "life" or for "help".
Being in your 80s you already know that getting out and about is easier early rather
than later. So, a store of cash or liquid investments should be in your thinking. Folks
generally say if you think you will need the funds within a 5 year time span you should
avoid stocks and such. Cash or cash equivalents is a proper way to hold funds needed
soon.

Howie52
again - good luck and have fun figuring out what directions you want to go.
Print the post Back To Top
No. of Recommendations: 0
thanks to all
Print the post Back To Top