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Reply to "Where would you park money from sale of parents' home to pay nursing home"
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[quote=Anonymous]If I knew I was going to need the money over the next couple of years, I would put it someplace safe like an FDIC insured savings account. I know that savings accounts are paying almost no interest (you can do a little better online, try Ally) but investments are for money you will need in the long term, not that near future. It doesn't sound like this is money where you can take a risk of a large short-term loss. Therefore, you need to stay out of investments (stocks and bonds) and in savings (savings accounts and CDs). [/quote]
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