dips123,
Yes you need a proffessional guidance,the simple reason for why you need a Doctor or a Lawyer's guidance.
The words of kenneth may seem harsh but it is a reality.
The best proffessionals available in this World for Managing your Asset,have All ,i repeat ALL booked HUGE loss in the recent US episode.
When all those Big names are in doldrum,then on what Logic you are getting this Hope that MF's / Equity can give a better return.
This is the Time for Preservation of hard earned Money for Retirees ,they SHOULD only go for the Safest avenue.
Age is not in his favour,his motto should be only Safety NOW,as a good son you must see that he is not lured by Sharks.
Asish