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Investment Planning Question: Savings Investment

 

Q: I am 55 and rolled over a $25,000 Pepsico pension offering into IRA with Fidelity. I have no other savings, too many years of legal and IRS problems– those problems mostly resolved. I have been self-employed for many years and my income is approximately $100,000 yearly. Can begin to save? What’s your advice on how to invest the $25,000? Thank you, I also listen on Sundays.

A: Thanks for reaching out with your question and for listening on Sundays!

There are a number of factors that go into an investment recommendation including risk tolerance, goals and objectives, time horizon and overall investment experience. Generally speaking though, you want to find low-cost investments and we like to utilize exchange traded funds (ETFs) as a solution. While the ETF universe can be overwhelming (with thousands to choose from) we would recommend a balanced approach. Assuming you have a moderate risk tolerance and no immediate need for income, we would suggest taking a look at the following: IVV; SDY; BND.

  • IVV will provide exposure to the overall S&P 500
  • SDY will provide exposure to dividend paying equities in the S&P 500
  • BND will provide exposure to the overall bond market

As I mentioned before, there are numerous factors that play into a specific investment recommendation but those are a few ETFs for you to look into. Hope this helps and please let me know if you have any other questions.


 

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