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dgidcumb

December 20, 2007

Posted by dgidcumb

Parents in 60s have sold their farm how should they invest the money? This is all the money they have about $80,000.

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mannyensonora

December 20, 2007

Posted by mannyensonora

3 stars ( 1 rating )

I would recommend buying real estate that can generate passive income and help with their retirement in appreciating markets, there is services that can assist them with this type of investment. I don't think I can post links or numbers on here as an answer, but if you message me I would love to help.

Comments

  1. TonyLiu: I would advise against real estate, as at their age they are likely not looking to become landlords and deal with the nightly calls when things break.
  2. TonyLiu: If the couple in question were under 50, I would agree with you mannyensonora. Real Estate can be a fantastic asset. And current times offer wonderful buying opportunities.

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TonyLiu

December 21, 2007

Posted by TonyLiu

0 stars ( 0 ratings )

If your parents are on a fixed income I would suggest a tax-free bond. At there age they are likely retired or close to doing so, leading me to stray away from suggesting any moderate or aggressive investment strategies.

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