Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am 60 years old and retired for several years from a state job. I am living off a small pension of $32,000. When the stock market crashed in 2008 I moved my 457 plan of $80,000 from the stock market to their stable income fund. I also have $70,000 in an ING savings account and 30,000 in local banks. I am wondering what is the best way to have my $180,000 in life savings grow being that I am very risk averse. I am considering moving the 457 plan money to a whole term life insurance policy and moving the money from the savings account to gold. Are these smart decisions? What do you think is my best course of action?
Print the post  


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.