Investing at 80
My parents recently sold their house and have $260k to invest or put into cd/money market accounts. They are 80 & 83. Renting a home within a senior living community. Pension and social security cover living expenses. Do not have long term health care just the regular Medicare and bcbs. Do you advise investing the stock and bonds or just CDs and money market accounts. Or treasury bonds. Thanks for any direction you may share.
Terry Says
This has now become their “chicken money” for retirement expenses — adn those expenses will inevitably arise.
A staggered purchase of 6-month T-bills, just beating inflation and not subject to state income taxes is the best place for them.
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
