Subject: Portfolio for a 90 year old
My recently widowed 90 year old mother-in-law asked me to take a look at her investments, which she has zero interest in managing.

My initial impression is that her portfolio is much too aggressive, with about 85% in stocks. It is more of a "get-rich" portfolio than a "stay-rich" portfolio. Considering her age and the market being so richly valued, I'm not so sure that she needs much exposure to stocks.

So the question is what should a nonagenarian, whose main goal is preservation of capital, be invested in?

Roughly half her portfolio is in a traditional IRA, where capital gains aren't a factor. If it were my portfolio I might have the IRA in TIPS.

Opinions?