Retirement Investment Advice

My mother asked me to come with her to meet his financial planner, as she has retired and is about to get a lump sum to 6 figures submitted to it. I want to ask the planner some common questions about what his plans are for money etc. It is 59.5 years and more in this market what some of you seem to be common practice for this money must be invested less risk of mutual funds, etc.? All advice is appreciated. I have little investment advice for her since I'm obviously not his age and I try to ask good questions and options and their risk levels will be low to medium. And if someone posts ridiculous answers like: "You just want the money for yourself, stop being greedy and let your mother decide for itself", will be provided regardless of whether it makes effect or not. Thank you all for your advice true! My blessings to all in these crazy economic times!

It is the work of financial planners to tell you what kind of investments would be appropriate. What you need to work with your mother is to define exactly what their needs are the following: what does she do in retirement and how much does it cost? Does she have other income? etc. to provide this information to the planner and ask for him to present some options - if you invest in any CD and then from your income, it will blah blah, if you invest in large cap shares, so blah blah. Ask him what assumptions about growth and inflation that it uses (you want the answer to something like this is the average inflation rate in this country for 20 or 50 years)

Most financial planners use some questions to determine the risk level of your mother is ready to take with her money. Things like how long until retirement are also taken into account. Your mother plan to start living off that money now, or does it intend to work a few more years? These things must be considered.






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