No. of Recommendations: 0
Thank you all for responding and educating me a bit more on this. To add to this discussion, I am helping a relative set up their financials. She suffered an accident a while ago and received a settlement that she needs to put in secure investments. I don't know that I have the time to do the direct investments for her but I definitely want to get her set up. I do not believe that she needs to grow this money agressively, she simply needs to do a little better than inflation and protect it from bad investments and scoundrels. She's met with two companies on her own and one of them was Valic. They simply plopped down their investment strategy which was the government backed mortages and said sign here. No discussion on her needs or objectives so I have several strikes against them right now.

The other company she met with was Ameriprise Financial Services and I liked what they gave her so far, but it looks somewhat expensive. I will do some more research on what you gave me, especially the fee only advisors.

I appreciate all your advise.
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!
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.