I know the answer to my question is to "see a financial advisor" but I would also appreciate some wisdom from those who have been there done that.
Our mum is in high care with dementia and we have just sold her PPOR - a unit. We now have to invest approx $350k on her behalf. She will be leaving her estate equally between her three children and with her passing probably not too far in the distant future it is best not to have the money locked away.
Any ideas on how we can maximise the return without her losing her pension?
Our mum is in high care with dementia and we have just sold her PPOR - a unit. We now have to invest approx $350k on her behalf. She will be leaving her estate equally between her three children and with her passing probably not too far in the distant future it is best not to have the money locked away.
Any ideas on how we can maximise the return without her losing her pension?