Why a life insurance policy?
It sounds like he is going well. I'd just invest it so that he had 50/50 split asset allocation or even a 60% income/40% equity. If taxes weren't an issue with trades, I would probably just reduce it all down to a total stock EFT and a broad bond market etf and call it good.
My Mom is a healthy, independent, active 90 year old. She is using a financial advisor that does well for her at a reasonable cost. What is nice about that, is that she doesn't have to worry about it and can just enjoy what she is doing. She can live off her SS and her pension, so her rather substantial assets fund her adventures and giving. The reason I mention it is because she enjoys not having to worry about it. She would be happy to have me manage it for her, but her current FA is doing a good job and she can easily afford the AUM fees which are reasonable.
It sounds like he is going well. I'd just invest it so that he had 50/50 split asset allocation or even a 60% income/40% equity. If taxes weren't an issue with trades, I would probably just reduce it all down to a total stock EFT and a broad bond market etf and call it good.
My Mom is a healthy, independent, active 90 year old. She is using a financial advisor that does well for her at a reasonable cost. What is nice about that, is that she doesn't have to worry about it and can just enjoy what she is doing. She can live off her SS and her pension, so her rather substantial assets fund her adventures and giving. The reason I mention it is because she enjoys not having to worry about it. She would be happy to have me manage it for her, but her current FA is doing a good job and she can easily afford the AUM fees which are reasonable.
Statistics: Posted by WeakOldGuy — Mon Oct 21, 2024 12:20 am — Replies 7 — Views 589