So as a result of I put together tax returns for a residing, I’m the “anything-to-do-with-numbers” man for my whole household, regardless if no matter their query is about has to do with accounting. The latest instance of this was at a household occasion over the weekend, an uncle got here as much as me and mentioned, “Hey, I wish to make investments some cash. Do you may have any recommendation?” After all, I did not have a clue however I advised him I might look into it and requested him for specifics. He mentioned he desires to retire in 10 years (I believe he’ll be 65 or so) and has between $130k-$150okay to take a position. I am fairly positive that is all the cash he has to call, with an honest portion of it simply sitting in a financial savings account.

Anyway, I used to be questioning if there was any common recommendation on what to spend money on or possibly if it might be higher if I simply advised him to speak to a monetary adviser. Any ideas could be appreciated and please let me know if there are any observe up questions you would like me to ask him if required.

Thanks upfront.



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