My grandmother has an Schwab IRA that she has stopped caring about and has given me the go forward to handle the cash as I deem match due the the cash/account being willed to my sibling and I when she passes. Sadly, I have no idea what I can and might’t to with the account/cash and it’s presently loosing somewhat than earning profits. Am I in a position to re-invest the cash inside the IRA in order that it begins to be worthwhile once more? Is that this one thing I ought to meet with a Schwab consultant about? From what I perceive, the IRA is matured. Right here is a few extra doubtlessly helpful data:
My father/mom have energy of legal professional over my grandmother’s funds, with each of them and my grandmother prepared to do no matter I like to recommend with the account.
The cash within the account is presently cut up within the following method:
ETFs/Closed Funds: ~50Okay
Mutual Funds: ~25Okay
Money/Cash Market: ~130Okay
Any recommendation/suggestions for my scenario can be appreciated and thanks upfront!