Gearhead Jim
Full time employment: Posting here.
My MIL is 86. Soon, she will be going into a retirement (not nursing or assisted living) home, and has enough money to last about 10 years.
All of her money is currently in MM or short term CDs. She is looking for advice on how to change her AA for the next ten years, at which point the money will be gone.
Off the top of my head, I'm thinking of short term CDs for now and perhaps some 5 year ones in a ladder, in a year or two if interest rates start to move up. But that's a very basic idea, I suspect you folks can come up with something better....
All of her money is currently in MM or short term CDs. She is looking for advice on how to change her AA for the next ten years, at which point the money will be gone.
Off the top of my head, I'm thinking of short term CDs for now and perhaps some 5 year ones in a ladder, in a year or two if interest rates start to move up. But that's a very basic idea, I suspect you folks can come up with something better....