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Reply to "Helping my hopeless parents plan for retirement"
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[quote=Anonymous]OP - they don't need a financial advisor or planner. They don't have money, and their only real asset seems to be their home.What is there to "financial Plan". Instead, they need to sell the house and rent somewhere really affordable (but safe). then take those proceeds and put them in a money market. they're too far along in age to put that money in any other investment. I know feeling forced to sell your house is a hard pill to swallow, but if I were in their shoes I would do it tomorrow. But I am also a saver by nature, and risk-averse. [/quote]
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