SAFE Investment

Before I retired, I was a Certified Financial Planner.

I completely agree with 65284 above.

I highly recommend you take Mom to a VERY GOOD (ask around) estate attorney, preferably one who is also a CPA. He/she will interview you and make recommendations based on the information collected. He will then set up the documents needed forthis particular estate. He may also make recommendations for a financial planner who will work with him to make whatever investments seem best.

There is risk in every investment--even T-bills. If interest rates in general are high, any investment with lower interest rates will be discounted should the need to sell arise. Diversifying protects against the decline of any one investment, but not against a general decline in the economy in general. You cannot escape risk. Even real estate is risky because of it's nonliquidity.

Get the advice of the proper (see above) professionals. They are up-to-date on all the laws and regulations. The cost may seem high for this advice, but it is very little as a percentage of the estate, and the only way to get the best for your MOM.

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Best wishes,

Sandi

"Anger is an acid that does more harm to the vessel in which it is stored than to the object on which it is poured." Corrie TenBoom

With all this talk of "silver and gold" (Burl Ives speaking), what good is silver and gold, really? It's just metal and they're not going to create energy from it. While some say that money is just backed up by thin air, I say that metals are, too. Please, I'd like to hear how silver/gold are of any real economical value. :baby04:

"Mom is 81 and in an enviable position. She will have her $500K, has a great retirement from my dad of just short of $3500.00 per month."


My advise to her to do all the things she has ever dreamed of doing and go out in a blaze of glory!

Blazes of Glory just don't seem to be her thing. She is quite conservative and what I am trying to do is get her to sell her house ( at 81 she doesn't really need to live there alone) and come and live with my wife and I. My brother is a BUM (first class) and she will end up providing some/all of his support - like it or not. To do so, it would be nice for her to have some income off of the $500K.

My house was built with taking care of older disabled people easily in mind. Since I am disabled it is wheel chair friendly and if I have my way whe will NEVER set foot in a nursing home.

..

A retirement money market mutual would be a very safe and conservative investment.

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"I didn't have time to slay the dragon. It's on my To Do list!"