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Eldercare
Reply to "Financial investment decisions for elderly mother and stress"
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[quote=Anonymous]I think you should do something. I had the same problem with my mom and she's now 91yo. First, consider putting $10k this year and next in I bonds. That might be safe enough for her and they happen to be paying well right now. What I wanted to do with my mom - and maybe yours will okay- is to put just 10% of her money in an index fund. It isn't much but should help fight inflation. If you do both those things, you will at least have $40k growing. You can also look to see if you can churn any of her savings with bank bonuses. (There's a website that tracks them - doctor of credit) [/quote]
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