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[quote=Anonymous]My widowed mother (77) retired at 55 (around year 2000) many years back.  At age 55 she pulled all her money out of 401k (conservative investments anyway) and put it into CDs.  She was a great saver all her life until retirement but not an investor.  She saw the dot.com busy and us of the opinion that wall Street is evil.  I tried to tell her at the time in 2000 to reallocate her investments to perhaps slightly more conservative index funds (inflation protection bonds). But she believed in CDs.  Even if the dot.com busy hadn't happened she would have still done CDs.  I told her 20 years ago that inflation would hurt her savings but again she didn't listen.

With this past year inflation is worse than before. I do feel like we are overdue for a market correction but would really like to move her money out of these terrible CDs and into somewhat more conservative investments through Fidelity.  Perhaps given her low risk tolerance, 25 percent equities and 75 percent bond funds or inflation protection.  How much do I push her? She constantly complains about how poor she is and frankly her assets are dwindling.  She had a mere 200k in her account.  Obviously she'll never live under a bridge and will move in with me if she is broke.  But I am frustrated at her years of lack of financial savvy.  Even when she was a much younger woman.

She has very poor health and frankly won't be around in 5 years mist likely.  Although I did say that 5 years ago and here she is.  But then again, she's always told me she's imminently about to die, since the age of 50!  Suggestions?[/quote]

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