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@phillev Thanks, my brother and I are trying to have our parents spend out their money while they are alive. The kids (us) are heavily invested in US equities, with appropriate fixed income exposure as well.

@paulcyp1 Yes, while I am invested 90% in equities, I don’t anticipate touching those for 20+ years. The risk of currency shifts are too great for them to invest in global equities via yen.

@kristhuy Yes, good point. They do come to the US often but the kids tend to cover all their expenses so their actual outlays in dollars is low.

@ajaye2014 Thank you, they are going to look into seeing if they could have their US social security deposited directly into something like this. The main issue is they have no presence in their region and they would prefer to set accounts up in person.

@phillev Thanks for the thoughtful suggestions. You are spot on with our situation. I’ll try to convince them to just try to park their bank accounts in enough different banks to stay within insured thresholds. We are traveling and spending a lot of time together, though generally their kids...

@dee436 Great, thank you. We will check it out for sure.

@phillev Thanks, they are early 70s in good health. Do you have any good banks to recommend? They live a bit in the countryside so there aren’t that many banks in close proximity, and had had some difficult dealing with banks located only in the major cities online/over the phone. The...

@mellie Thank you, I appreciate the advice.

I am a US citizen but my parents are elderly Japanese citizens living in Japan. From what I read, it seems for ultra low risk “investment”, it would be reasonable for funds unlikely to be needed for at least 1 year to be placed in something like 10-year Japanese treasuries...