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[quote=Anonymous]Quick background: Mom is still alive but not in great health, possibly with only five years left due to dialysis and other issues. She had a term life insurance policy that lapsed about ten years ago, but she does have a decent-sized IRA of around $150,000 invested in a treasury bills mutual fund at Vanguard. We withdraw $15,000 from this, along with her social security, to cover her expenses. This situation got my wheels turning. I recently completed her required minimum distribution (RMD) and received the check today, nearly three weeks later. My plan was always to use her IRA for funeral costs. But 3weeks!?!?

I’m considering withdrawing an additional 15-$20,000 today and placing it in her bank account. (Don’t like that idea) because she writes checks to all sort of nonsense and sends money to ppl at her church. Which is why I keep her account around $1,500 max.

Or can I buy a 15-20k whole life policy. Just as a holding place? Basically I need to hide 15-20k and it needs to be easy to get once that day comes. Safe deposit box??  [/quote]

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