At Retirement, what now?

My dad will retire next year but has put no money aside for this, he has contacted his workplaces in the past and will recieve a total of US$120 per month, which is basically nothing in my third world economy. What investment steps (or other) can he take to make this money into more?

Sounds like he can't afford to retire. Unless you are going to support him, I suppose he'll have to keep working.

Too late.

He will likely get social security - a lot more than $120/month.

No idea what you are talking about with the third world economy, but moving to the third world is one option - where his money will go further.

Another option is keep working.

He could talk to a financial advisor and get an idea on how the money he is making now can work for him more but at this point it is almost to late. He may have to work longer and really stretch his Social Security and income. Good Luck.

sorry to say == your dad like so many folks did not plan for the future -- does he have to retire -- he might just be better off to keep on working!!!!

Tags

　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money 　　Low Risk Investment 　　Long Term Investment

Related information

How to to fructify an initial amount of 10 000 dollars US to get at least the double in a less risk invesment

A 'risk-free' investment, such as a Treasury security, currently yields about 5.5%, and hence will fructify to double in about 13 years. In portfolio theory there is a direct correlation ...

Buy all the insurance you can afford, and then a little extra?

No, it's not. Health insurance IS a good idea. Private dental insurance is not. You need to insure yourself to meet your current financial goals. There is such a thing as being "i...

I would like to sell a product by making myself a web page. Any ideas of what sells the best on the web? Thx.?

If you are trying to sell a product on the internet I would totally recommending selling your product on Ebay. I can't think of no other website that can get your product out to as many qualif...

What percent of taxes do a single person pay that make 35,000 a year fed, state and others?

State and local taxes vary by area so there is no overall answer. For federal taxes part of the $35,000 would be taxed at 0%, part at 10% and part at 15%

...

Does anyone know what's the best way to get started in the stock market?

First of all--the stock market is not a good vehicle for short term investments (though I am well aware that some people became rich quickly). Go to Fidelity, E-Trade, Charles Schwab, or many other...

Is the Fair Tax a shift of the burden more to the rich or to the poor?

Since the fair tax proposal includes a monthly "prebate" to cover the tax on purchases up to the poverty level, the poorest of the poor would be somewhat protected. The problem there wo...

IRA's and STOCK purchases?

Log on to Fidelity... they will handle about 95% of the work in " rolling over"...I would suggest rolling into a slf- directed ROTH IRA... After reading on their website and learning to ...

What do you think of someone buying a home and having a mortgage at a young age?

As an old guy, I think it's a wonderful idea. When you rent, you will have nothing to show for it when you move. As an owner, you will hopefully have gained some esgrow and will make a few b...