Hello everyone, my dad has saved up a pretty decent amount of money as a carpenter throughout his life, upwards of 50k. He’s looking to retire within the next 10 to 15 years max. He has a pension so that when he retires he could basically live off that. That said, he’s asked me what I think he should do with the extra money he’s saved up.
I’m no investment expert aside from the little I’ve tinkered with on robinhood, coinbase, ect. I said I would get back to him once I’ve researched a little more. I’d love to get your recommendations on safe investments, high risk high rewards, etc. I appreciate any advice!! Thank you!
you probably shouldn’t give him financial advice
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Has he taken advantage of tax advantaged retirement options? IRA or Roth IRA? Those are the vehicles and you can choose level of risk within those.
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