Hi everyone, I'm writing on behalf of my mother, whos mostly just been getting by before she was able to sell her house this year. She now has 700k in savings accounts, is looking to buy a smaller house, and hopefully will be able to retire some day! Until now she's had about 2k in her 401k as I started bugging her to contribute last year.
I am hoping to find her a financial planner but don't quite know where to start. Does anyone have general advice of how to allocate this? How much is reasonable to go towards a new house at this stage of life and have enough saved for retirement? She currently makes less than 40k a year and income is expected to stay there for the time being.
Any advice would be appreciated, we're both feeling lost!
Submitted September 02, 2019 at 10:27PM by hereforcutepuppyvids https://ift.tt/2MS0fxT
