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Ask Paula: How Do I Invest For My Parents' Retirement?
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Do You Like the Target Date Fund Idea?
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Medicate is when you run out of assets, because there's so much money that's going to the long term care facility. I think a vanguard target date fund that is a little bit more aggressive would be good for ample. That coupled with educating your parents about the fact that they should not touch this money,. You're making sure that they know what’s going on, so that they can independently handle it themselves if they ever needed to doSo that's the answer to that second part of your question. But let's address that first part specifically. What type of vessels are best for this money? Because, as he said, money that's in a taxable brokerage account,
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