What should parents do with large lump sum?

S

sarcull

Guest
Hi,
My parents are both in early 60's will shortly have a sum of around E550,000 after tax as the result of a sale of a property. This is undoubtedly the largest sum they have ever had and they have no idea how to go about making it work for them. The money will need to provide a pension for them both for the rest of their lives. I want to know what direction to point them in and what questions they should be asking if they were to meet with a financial advisor. Any help or advise is greatly appreciated.
 
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