Row 8887

Row ID: 8887 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 8887 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

PLEASE excuse my ignorance. My parents have been awful with money my entire life and my mom recently ran into some savings with the selling of my grandmothers home. They paid off all debt. They have $80k liquid and had it sitting in checking for a while until I finally found out and was able to talk her into a high yield savings. I know they can earn much more so trying to figure out the most simple way to talk them into making better decisions. I’m thinking financial advisor but no idea the cost or where to start. Is that enough to get an advisor? Talking them into going to an office in person will be impossible. Are there digital ways to go about that? What is the easiest? Are there automated systems for this where they aren’t dealing with an advisor directly? Are there more affordable options than a personalized investor? With that amount to invest would you suggest doing something automated or definitely personalized? If the cost of advisor is expensive or it’s too complicating my mom will shut me down even if the return makes sense. I feel so lost trying to research this but my father is disabled and I really want them to be set up as best as possible once my mom retires. (She won’t go for anything that holds the money up she will want to be able to take it out if needed)

Extremely grateful for any responses or advice. 🙏🏼

FieldValue
text PLEASE excuse my ignorance. My parents have been awful with money my entire life and my mom recently ran into some savings with the selling of my grandmothers home. They paid off all debt. They have $80k liquid and had it sitting in checking for a while until I finally found out and was able to talk her into a high yield savings. I know they can earn much more so trying to figure out the most simple way to talk them into making better decisions. I’m thinking financial advisor but no idea the c…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-20
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Raw Record

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  "text": "PLEASE excuse my ignorance.\nMy parents have been awful with money my entire life and my mom recently ran into some savings with the selling of my grandmothers home. They paid off all debt. They have $80k liquid and had it sitting in checking for a while until I finally found out and was able to talk her into a high yield savings. \nI know they can earn much more so trying to figure out the most simple way to talk them into making better decisions. \nI’m thinking financial advisor but no idea the cost or where to start. \nIs that enough to get an advisor? \nTalking them into going to an office in person will be impossible. \nAre there digital ways to go about that? What is the easiest? \nAre there automated systems for this where they aren’t dealing with an advisor directly? \nAre there more affordable options than a personalized investor?\nWith that amount to invest would you suggest doing something automated or definitely personalized? \nIf the cost of advisor is expensive or it’s too complicating my mom will shut me down even if the return makes sense. I feel so lost trying to research this but my father is disabled and I really want them to be set up as best as possible once my mom retires. \n(She won’t go for anything that holds the money up she will want to be able to take it out if needed)\n\nExtremely grateful for any responses or advice. \n🙏🏼",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-20",
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Entry Information