10 posts tagged with plan and planning.
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What should my elderly parents do with their only asset, a liquid $250K?

I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
posted by losdavos on Oct 24, 2013 - 14 answers

How the hell do I teach sixth grade social studies?

How the hell do I teach sixth grade social studies? [more inside]
posted by Mrs. Pterodactyl on Aug 16, 2012 - 25 answers

The knot is tying me in knots

Help me find a wedding planning website. Tried 'theknot.com' and I can't get past how disorganized & visually chaotic it is. [more inside]
posted by luciddream928 on Jul 16, 2012 - 11 answers

Planning a Non-Wedding Reception

Help me plan a 10-year anniversary party (to be on par with a wedding reception) for my boyfriend and myself. Specifically, what might our guests expect from the evening? [more inside]
posted by youngergirl44 on Apr 26, 2012 - 13 answers

Teach em how to fish and they'll give us better cities, or something

Calling all planners, public admin. types, adult education gurus and other smarty pants: I need to develop a training program or at least a strategy for developing a training program for further planning on the local level, put the hard parts. [more inside]
posted by stormygrey on Oct 23, 2009 - 10 answers

How do you stick to your long-term goals?

How do you maintain sight of your long-term goals? I chronically sacrifice long-term success for short-term gains and it's not working out for me. [more inside]
posted by schroedinger on Oct 16, 2007 - 20 answers

Help with GIS routing software?

Need some advice on GIS route software. [more inside]
posted by machaus on Feb 6, 2005 - 3 answers

Can you recommend a flexible Win32 application for designing test plans?

Can you recommend a flexible Win32 application for designing test plans? [more inside]
posted by Danelope on Nov 15, 2004 - 3 answers

Planning my future

I'm 27, and getting to the point where I understand I'm not a big kid but an adult in denial. I want to change that attitude. I like who I am (hey, been that way for 10 years!), but apparently that's no good for an adult. I keep saying I like to seize the day, but I'd like to seize my future now (woohoo). I need to become responsible, to think long in advance, to make decision quickly... such things I tend to procastinate through, or let wane until the problem arises again.
So, my question : how do I grow up ? I have found such things as "planning your future" or even the "Life Assessment Quiz". I'm kinda looking for more advices on what I should do next, pointers, ways to kick my own ass, that sort of things.
Please, no "have a kid, that shall do the trick" tips :)
posted by anonymous on Oct 20, 2004 - 26 answers

Bed shopping and also software for room arranging

Looking to buy a new bed... and software to help me rearrange my house. [MI] [more inside]
posted by dobbs on Dec 30, 2003 - 21 answers

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