Good morning, Bogleheads,
My healthy mother-in-law asked me to advise her on investing her $300,000 IRA. This represents the sum of her retirement savings and most of her total investments. She has another $50k of cash plus a house with a couple hundred thousand in equity, I'm guessing.
She did not want to tell me her income or expenses. I know she gets SS and a pension. She is leaving her paid work, which was a personal assistant to a CEO who then continued working on boards and such when he retired and kept her on the payroll.
From what I gather, she intends to pull her RMD out from the IRA annually and spend it. I convinced her to ditch Edward Jones and move her funds to Fidelity where they sit in cash. I need some advice:
What is an appropriate asset allocation for her? Maybe 30 stock/70 fixed income?
What fixed income funds should I consider? She lives in Maryland.
My healthy mother-in-law asked me to advise her on investing her $300,000 IRA. This represents the sum of her retirement savings and most of her total investments. She has another $50k of cash plus a house with a couple hundred thousand in equity, I'm guessing.
She did not want to tell me her income or expenses. I know she gets SS and a pension. She is leaving her paid work, which was a personal assistant to a CEO who then continued working on boards and such when he retired and kept her on the payroll.
From what I gather, she intends to pull her RMD out from the IRA annually and spend it. I convinced her to ditch Edward Jones and move her funds to Fidelity where they sit in cash. I need some advice:
What is an appropriate asset allocation for her? Maybe 30 stock/70 fixed income?
What fixed income funds should I consider? She lives in Maryland.
Statistics: Posted by WorkToLive — Thu Jul 04, 2024 8:35 am — Replies 0 — Views 54