I'm taking responsibility for my gran's IRA, brokerage account, annuity, and bank account. We're slowly extricating her from a variable annuity from the Lincoln Financial Group, and reallocating her assets towards munis and T-bills via Vanguard. She's 84-years-old, so I think a portfolio allocation of 80% bonds/T-bills and 20% US equities seems appropriate, with a small cash reserve for emergencies/6 months of living expenses.
She has a long-term health care plan which covers approximately $80K of expenses, plus Medicare.
She owns her home outright and her car—though it may need to be replaced in the next 3-5 years (assuming she remains in good health).
I'm aware that her health expenses will likely increase, but I'm trying to figure out what circumstances I might be forgetting to account for. She has home, earthquake, and auto insurance. Thanks in advance for your input.
Submitted April 23, 2019 at 10:16PM by ctrl-f-society http://bit.ly/2W6GqE8
