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re: What to do with half mill?
Posted on 4/26/14 at 12:02 pm to SmackoverHawg
Posted on 4/26/14 at 12:02 pm to SmackoverHawg
quote:
How much does he need the money? They need it to live on? Or he just trying to grow it for his heirs?
This pot of money is strictly to be passed on to heirs. They have living expenses covered in their checking account. No recurring debt. They don't do much other than trips to doctor appointments. Don't eat out much.
2
Posted on 4/26/14 at 12:08 pm to purpngold
quote:
This pot of money is strictly to be passed on to heirs. They have living expenses covered in their checking account. No recurring debt. They don't do much other than trips to doctor appointments. Don't eat out much.
In that case, land and or blue chip dividend stocks. No sense in pissing away growth. The risk is nil in the long term. Make sure dividends are reinvested. You are losing money to inflation otherwise.
Posted on 4/26/14 at 12:36 pm to purpngold
quote:
This pot of money is strictly to be passed on to heirs.
If so then there's no reason to be invested in CD's or savings accounts. One option is to buy target retirement fund ETF's with target dates near the expected retirement dates of the heirs.
Or he could be more aggressive than that since the cost basis will reset when inheritance takes place.
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