Asked by Gail  |  Submitted January 17, 2015

I am 73 years old and just sold my condo. I would like to know where the best place is to put my assets so that they will earn money.

I would still like them to be safe.

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  Answers  |  4

January 18, 2015

Hi Gail, thanks for your question! Recommending how YOU should invest depends on a number of factors which can only be determined through a fairly comprehensive meeting. For example, I don't know how long you want to invest, if you plan to use those funds to buy a dwelling again, how you feel about passing assets along to heirs, how you feel about the current condition of the markets, etc. However, I can tell you that my own mom is also 73, and she ended up being an ideal candidate for an indexed strategy. By the way, I have business that takes me to Walnut Creek on occasion. Let me know if you'd like to meet.
Have a great day!

$commenter.renderDisplayableName() | 01.17.17 @ 13:34

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February 14, 2015

Dear Gail, Hope all is well! First of all, at your age - in CA a signed disclosure is needed before I or a Financial Advisor may speak with you or give you an advice. Do you have a family member or someone close to you that helps you with your decision(s)? You have a special protection from the state of California that you may not be taken an advantage by a Financial Advisor. I have elderly clients and I always meet them with the person(s) they trust in every meeting that I see them. Hope you may answer me first with your trusted family member or probably a co trustee of your assets? I hope also you that you have set up a Trust account with your assets? (to avoid probate and proper transfer of your assets). I hope to be able to help you if you may provide me your trusted trustee or a family member. Take care and hope to hear from you soon. Sincerely, (Mrs.) Carmen Calaway, Financial Advisor, Member: Registered Rep/Registered Advisor with CA Lic. 0D99854, Member: FINRA & SIPC.

$commenter.renderDisplayableName() | 01.17.17 @ 13:34

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March 04, 2015

Depends, what are your goals or intentions with the money?
Is it to generate income= Annuity
Is it to leave a legacy and pass it down= Life Insurance
Is it for a little bit of both= diversify, Split it up between different investment and retirement products.

$commenter.renderDisplayableName() | 01.17.17 @ 13:34

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August 17, 2015

Your definition of safe might be quite different than somebody else. For example, you might be willing to lose a maximum of 5% for a given year, whereas someone else might not be willing anything. How much income do you need each month? What is the amount of your investment? Do you have life insurance, long term care insurance, other assets.........How liquid do you need these assets to be. Do you want equity like returns? .No way can somebody recommend or advise here given the information you've provided. Take any advice you receive, based on the above question, with a high degree of caution.

$commenter.renderDisplayableName() | 01.17.17 @ 13:34

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