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  • 7
    ...excellent points. In response: They brought up the finances, are open to family input. Dad had recent health scare, which initiated this. Beyond that, lifelong financial planning is not something they've engaged in. Current needs are minimal. Happy living on social security. We do need a plan for when dad passes. I don't yet know the details about the "friend" (former part-time employer of my mom...tax accountant). I am assuming good intentions at this point. My investment/retirement planning experience is significant, but self-taught, and my wife and I have been doing well our own. Commented Apr 8, 2019 at 15:53
  • 5
    The main piece is they aren't working with a long-timeline so should keep things pretty low-risk. Depending on the value of the house they intend to sell they could potentially be fine with no risk investments. Commented Apr 8, 2019 at 16:15
  • 31
    My reaction when I read this question was a bit like point 3: Is investing right for them AT ALL? Commented Apr 8, 2019 at 16:17
  • 1
    @UKMonkey fair point, and my thought as well. It was my first reaction when they stated a friend wanted to help with "investments." Commented Apr 8, 2019 at 16:35
  • 7
    should you add "fiduciary" to the "fee only financial adviser"? Commented Apr 8, 2019 at 17:07