My DW's parents are retired and living in a nursing home. In reviewing their assets I found that they have a hugh sum (500k) in six month T-bills paying nearly zilch, that they've been rolling over for years. They may need much of theses funds for future nursing home expenses so preservation of principle is important to them. They are ultra conservative.
I feel they should at least look putting these funds into CDs and creating a ladder so they can spread the maturity out over the next couple of years.
Any suggestions / comments?
I feel they should at least look putting these funds into CDs and creating a ladder so they can spread the maturity out over the next couple of years.
Any suggestions / comments?