Transfer their money out of the mutual funds and put it in a money market account. You don’t have to close any accounts as all intuitions have a MM account. So just transfer it. Pro tip- if you do this online, the MM account is listed under the “low risk” selections. I did all of mine right before the election to protect my capital.
How would one protect their parents’ retirements if this is about to come crashing down on us?
They’ve worked so hard. I don’t want to see everything they’ve earned get erased.
Transfer their money out of the mutual funds and put it in a money market account. You don’t have to close any accounts as all intuitions have a MM account. So just transfer it. Pro tip- if you do this online, the MM account is listed under the “low risk” selections. I did all of mine right before the election to protect my capital.