Anonymous wrote:I dumped a bunch of money from a home sale into the stock market at the absolute worst time a few years ago…didn’t want to miss out on upside…but am risk averse so dollar cost averaging/monthly purchases would have been more suitable.

Anonymous wrote:This feels trollish. His anticipated 9k/mo future care is funded and there is already a trust. Why are you asking about this on DCUM instead of talking to the attorney and financial advisor?

Anonymous wrote:Op if he really doesn’t need the money for his care, I would invest in vanguard or fidelity preferably with a payable on death account (to avoid probate) to his heirs. Does he have a will?

Anonymous wrote:Forgive me for being crass but is he ever going to need this money? You could reach out to an estate attorney and ask what makes the most sense financially (would a trust make sense for example).

Anonymous wrote: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.

Anonymous wrote:if over a milliion, fee only financial advisor will be worth it, esp when it comes to taxes and dealing with any other income streams (rmd etc) . less than that, probably divided between low low cost low risk mutual funds and some money market/hysa accounts. how much are we talking and what are current monthly expenses (assume AL or memory care?)