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Eldercare
Reply to "Invest Mom’s Money in Real Estate "
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[quote=Anonymous]At some point you may need to put her in memory care or get in home care so that’s what she needs it for….Dementia can be absolutely brutal. Put it in 6 months cds and high interest savings. Investing in real estate is the worst decision you could make as you cannot easily access it and usually not good for short term gains. You could invest some in mutual funds (something low cost and large like vanguard vti) …depends on her age and health. But at least half in high yield savings or cds. I also think it’s admirable that you quit your job to take care of her but consider whether you can afford to do so as well (financially emotionally etc). [/quote]
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