Hi all,
My Dad will be selling his house in the San Francisco Bay Area for around $900,000 and buying a home in Arizona for around $250,000. He is 64. He will be retiring with Social Security income and would like to also have a return of 5% on the remaining $600,000 principal (after paying off the old mortgage and buying a house in Arizona with cash). We have met with a fiduciary who can manage his money with a 1% fee but are wondering if there are better options to get to 5% returns? If we choose a fiduciary/fee based money manager what should we look for and how do we know if they have a good track record?
I appreciate you reading this and any response you can give is greatly appreciated, he has worked hard this whole life and I want him to enjoy his retirement. Any thing else we should consider?
Thank you!
Submitted January 27, 2017 at 11:26PM by adentsinit http://ift.tt/2jGYjGp
