Reported 8 months ago
A 61-year-old is seeking advice on investing $800k sitting in a money market account, aiming for 4-5% growth while also having $900k in a 401(k) with Vanguard. The individual is cautious about stock market risks but advised to balance between being too conservative and too risky to ensure lasting financial support. Suggestions include a 60% stocks and 40% bonds portfolio for a 6-6.5% return. Consistency, understanding risks, and seeking financial advice are emphasized for long-term financial stability.
Source: YAHOO