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| With no information to work with,
this is all but imposable to reply to.
How old is he, married? kids? risk tolerance?
Most IRA's have a list of where the money can go, does his?
How long until he needs the money?
Is his company still matching funds? // some have, or will stop .. at least for a while.
I'd suggest that cash is the best place right now ..
a low cost, high quality money market fund like Vanguard treasuries.
These are now backed by the Treasury .. he'll need to confirm that.
At some point down the road, he can reallocate the funds, x % at a time.
Rule number 1 right now is / keep what you have.
Let those 'professional money managers' / the ones that put us here / take the risk.
pbear | |
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Senior, others.....
