68 year old retired mom investments?
What is a good investment strategy for my mom who is 68 years old with just social security benefits and works. Thank you
Terry Says
Honestly, the best strategy is just to leave your money in the bank, in CDs with staggered maturities of no longer than 2 years. You won't get rich this way, but you won't get poor. Please try to have her keep earning as much money as she can, while she can still work. Social Security barely covers basic living expenses, plus she needs a Medicare supplement and Part D drug benefits (or she should sign up for a Medicare Advantage all-in-one plan). And all of that will eat up her Social Security check.
