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Eldercare
Reply to "Where to put $$ after home sale?"
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[quote=Anonymous][quote=Anonymous]How old is your father, and what will his financial needs be? If you are on the younger side of being an older adult, you might be concerned about longevity risks (risks of running out of money). If you are on the older side, you might be concerned about losing your money (market risk). If the money isn't needed and going to someone younger, then it could be invested in something riskier. I would suggest not losing the money to a financial advisor, or finding one that is fee only. If your situation is that he is on the older side, and you are preserving capital for his expenses, then I would suggest opening up a Vanguard or other money market account. The return is 5% or so right now, which is very good, and it's very low risk.[/quote] Thank you! Age is 90 Doesn’t need this money for care I thought about investing this with Vanguard — maybe 50-60% in S&P fund since he won’t need this money anytime soon. [/quote]
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