I have educated myself with a lot of information on investing, retirement planning, and income growth since I?ve graduated from college and started working in the real world. I have conveyed this information to my dad and he seemed interested. He didn?t have the luxury that I have in planning for his financial future because he was too busy working hard to raise and support the family. All he did was save money in a bank account and possibly opened a few CDS. He is currently 52 years and will be retiring around 60+. I would like to help him out by setting up a retirement account for him. I have considered a Traditional IRA and/or a Roth IRA, but I was wondering if there were any alternative options. Right now, I am strongly leaning towards an IRA and will need to determine the most conservative approach for him in terms of growth, risk, and his age. Any help or suggestion would be much appreciated?
Source: http://rothira.soluti-ons.com/roth-ira/investments-for-my-dads-retirement/
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