Comments on: What to do With $60,000

By: Carnival of Money Stories #31! Getting Ready for Christmas Edition | Ultimate Money Blog

Mon, 07 Dec 2009 10:03:06 +0000

[...] Plemon presents What to do With $60,000 posted at Personal Finance By The Book, saying, “A senior citizen couple has $60,000 in a [...]

By: Seniors & Boomers Blog Carnival 12/2/09: Laughter, Holiday Traditions, More... | Seniors For Living

Wed, 02 Dec 2009 19:00:50 +0000

[...] can they make their money work for them more effectively? Joe Plemon explores that idea in his post What to do with $60,000 at the Personal Finance By The Book blog. “A senior citizen couple has $60,000 in a passbook [...]

By: Baby Boomers U. S. (The Blog) » Blog Archive » Baby Boomers Blog Carnival Sixteenth Edition

Wed, 02 Dec 2009 11:31:44 +0000

[...] Plemon presents What to do With $60,000 posted at Personal Finance By The [...]

By: Joe Plemon

Joe Plemon — Tue, 01 Dec 2009 12:30:49 +0000

Wojciech,

I too like the mutual fund idea, but I also like the “fun” idea. They could invest much of it in mutual funds and still have some fun. Of course I don’t know the people personally, so “fun” might be something they are already doing plenty of for all I know. It is just that I hope their years of frugality haven’t developed a mindset that would prevent them from enjoying the fruit of their hard work and sacrifice.

If I find out what they decided, I will try to put it in a follow up post.

As always, thanks for reading. I appreciate your thoughts.

By: Wojciech Kulicki

Wojciech Kulicki — Tue, 01 Dec 2009 01:26:05 +0000

I agree with the mutual fund idea. Since they don’t really need the money, I think they should take on as much risk as they are comfortable with.

This is especially true if they plan on leaving the money to heirs…it is long-term money that should grow as aggressively as possible.
Wojciech Kulicki´s last blog ..How to Stay Frugal and Focused in a Recovery