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Updated over 2 years ago,

User Stats

81
Posts
19
Votes
Chris Breezy
  • New York, NY
19
Votes |
81
Posts

So my father just retired at 55 and recently got 100k

Chris Breezy
  • New York, NY
Posted

Not being real estate, what’s his best move with this money. With his retirement he is comfortable to live but he’s trying to really use this to his advantage. He asked me and I didn’t have a great answer so I’m here.


initially I thought put it right in index funds that are low currently but then I thought maybe starting a Roth IRA for him or his wife who still works might be better since after 59 1/2 it will be tax fee. Thoughts , ideas will be appreciated

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