My mother in law recently sold her house and moved into a senior living community apartment. She sold her house for 340k. After social security and a small pension she needs about 200 to 300 dollars for monthly expenses. My question is what to do with that 340k? I’m not an expert in any way. I do know a little bit about basic investing in s&p 500 index fund as that is what I invest in through my 401k. What percentage should be in say an s&p 500 index fund? What percentage in bonds, etc? She is 80, in good health and will hopefully be around for several more years. Thanks for your advice and input.
Statistics: Posted by Sodak — Sat Nov 02, 2024 10:12 pm — Replies 3 — Views 299