Info on their situation
– Have $5k to invest
– Can invest about $200 / month
– Nothing saved for retirement
– Have 3 month emergency fund
– Would like to buy a house, but renting is cheaper
– They don’t have a 401k or HSA available
– Within income limit for Roth IRA
What I’m planning on having them do:
– invest it all in Roth IRA (half into each of their Roth IRAs)
– 90% in FNILX (Fidelity ZERO Large Cap Index Fund)
– 10% FXNAX (Fidelity U.S. Bond Index Fund)
Thoughts / advice on this?
Advice on selecting investment allocation for 50 year old parents
byu/ShotAnt inpersonalfinance
Posted by ShotAnt
1 Comment
Pretty aggressive for someone who is 50 with not investing experience
Two sides to every argument: Nothing saved and not much time so I……
…better be more aggressive to try and make up for los time
…..better be more conservative because there isn’t much (recovery)time if something goes wrong