Background for context: I am in my 50's, divorced, have early Parkinson's Disease, run a business, I live with my son who has a couple more years at home. I do not have money put away for retirement, and I have a moderate-slightly aggressive tolerance for risk.
I inheritied an IRA valued at around 100k. First off, I will only make the required withdrawls. My busines is going good and I'm trying to scale. I am leaving one firm because it's an absolute three-lettered cluster$$$k. They have it in managed Funds. Everyone seems to offer a managed account right off the bat. I get the obvious (They make money on those accounts no matter what), but it seems like a steep price. Why is it a goto? What are the better options? They say that for people like me with PD you usually get 10 decent years before serious mobility/cognitive health issues overtake you... on average. I don't want to play blackjack with it, but I don't want to invest in watching paint dry for gains either. What would you do given my position?
original posted by Easy_Engineer8519 to r/personalfinance on Thu, 28 Mar 2024 15:07:41 GMT.