Investing for retired mother

Retirees, just like the rest of the population, aren't all the same. I would advise that your mother take a risk assessment to understand her risk tolerance level before going to the next step and looking for investment. She needs to be comfortable with her investments and as such she needs to understand what her comfort level is. All dividend investments aren't the same in terms of risk and suitability to someone's comfort level.

craftsman wrote: ↑ Retirees, just like the rest of the population, aren't all the same. I would advise that your mother take a risk assessment to understand her risk tolerance level before going to the next step and looking for investment. She needs to be comfortable with her investments and as such she needs to understand what her comfort level is. All dividend investments aren't the same in terms of risk and suitability to someone's comfort level.

Won't all be invested the same way either depending on her age, health, timeline, goals, etc.

VRIF newly released as part of the Vanguard ETF family.

RIOCAN , ENBRIDGE.

Some nice divys still

BPY was a nice one, its a bit too high now for a nice divy

admiralackbar wrote: ↑ Won't all be invested the same way either depending on her age, health, timeline, goals, etc.

Exactly.

We have very little information to work with. Before we start looking at the investment component, we need to know what your mother has to work with. While earning dividend income is one prudent method, you have to understand how your mother should approach this will change with what she has.

How risk tolerant is she? Is her home paid for? What assets does she have? Does she have a pension? What benefits and insurance does she have? What upcoming costs is she anticipating in the short to medium term? What are her general costs? What is she anticipating to be able to do with the dividend income she earns?

Depending on the answers above, as well as other aspects, the plan for your mother has to change accordingly.
It doesn't matter if we suggest dividend stock-wise. If something happens with these companies or the markets change, it can affect your mother's retirement plans detrimentally.

-For example, if your mother was totally reliant on this dividend income, there is significant risk. Solid companies like Enbridge and Scotiabank have dropped double-digits this year. Some fairly decent dividend paying companies have cut dividends. Would your mother be able to tolerate a cut to the income? Can she handle drops that could easily equate to tens or hundreds of thousands of dollars in value?

if you could disclose more information than you have posted, we may be able to provide some suggestion?