I have an aging mother (approaching 90) and she has close to 60k that she's had tied up in a CD that's not even been earning 1%. She doesn't need access to the money (she has ample other funds to live on) and she's looking for a bigger return on the money than CDs will provide. Bottom line, this is future inheritance money and we all want it to grow safely.
I've been looking at some bonds and bond funds, but figured I'd post here, as I've noted there seem to be several CFPs on this board. Any advice as to what avenue I should guide her down?
By the way, I opened an Ameritrade account and have been managing it for her (quite effectively, I might add) - so I'm thinking of putting the money there if I go down the bond fund route.
Thanks in advance!
I've been looking at some bonds and bond funds, but figured I'd post here, as I've noted there seem to be several CFPs on this board. Any advice as to what avenue I should guide her down?
By the way, I opened an Ameritrade account and have been managing it for her (quite effectively, I might add) - so I'm thinking of putting the money there if I go down the bond fund route.
Thanks in advance!
