Home financial budget Financial Planning financial planning process money saving ideas Retired parents (65+) sold old house and are currently renting pretty cheap near grandkids. What should they do with the $300k+ cash? Their SS and pension currently allow them to barely meet expenses. Thanks!

Retired parents (65+) sold old house and are currently renting pretty cheap near grandkids. What should they do with the $300k+ cash? Their SS and pension currently allow them to barely meet expenses. Thanks!

Mr Cheaply On 5:44 PM

Title says most of it. They live in NY. What do people that age do with influxes of cash like that? Stock market seems very frothy imo. Where else do stash it? Low/zero fee annuities? Medicaid trusts? Let’s get creative, people!

Submitted August 11, 2020 at 08:32PM by mustacheavenger https://ift.tt/30O3v3l

Click to comment

Frugal Tip

Pages

Retired parents (65+) sold old house and are currently renting pretty cheap near grandkids. What should they do with the $300k+ cash? Their SS and pension currently allow them to barely meet expenses. Thanks!

2 FREE MONTHS OF SERVICE

STRAIGHT TALK WIRELESS

Code: AAEH-991F

($80.00 VALUE)