My parents are 60 and 62 years old and are curious about investing. Neither of them have ever really invested before, and pretty much have zero retirement savings other than about $100,000 cash left over from selling their home and downsizing (their new home is completely paid off). They are semi retired in that they only work 1-2 hours per week managing a few USPS contracts and bring in around $4,500 per month after tax which is enough to cover their day to day living expenses, emergency savings, plus a little extra that they use for things like plane tickets to visit the grandkids and fun activities and such.
They came to me asking for my opinion about how they should start investing at their age since they know I invest quite a bit of my own income. The problem is, I'm only 25, so my personal investment strategy is a whole lot different than an investment strategy that would be suitable for them. Where should they start?
Submitted June 17, 2024 at 09:42PM by Shadow239 https://ift.tt/ctPsZWu