Skip to main content
No. of Recommendations: 0
I'm kind of in the same situation although my parents ages are slightly less. IMHO, they should be oriented almost 100% towards income. Further, one needs to be realistic about how many years they are likely to remain with us.

In that regard, I would suggest Utility QUIP's with a death put. QUIP = Quarterly Income Participation (Certificate) aka a Utility Preferred Stock which are yielding in the 7% to 7.25% range at the moment. Some of these also come with a "death put" feature which permits the estate of the deceased to "put" the QUIP back to the issuer if the holder dies before the QUIP is normally due.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.