Ask Terry Questions Senior investment

Senior investment

By Terry Savage on October 23, 2022 | Chicken Money

Hi Terry, my dad recently passed away. My mom was left with her home in Florida. The house is fully paid. She had to sell it as it. She took a big loss on the house. She’s living with me in Chicago. She has $225,000. How should she invest her money? She does have extra money to live on. Can you please advise me? Thank you!

Terry Says

If she had to sell her house and is living with you, then she must be very conservative.
Read this: https://www.terrysavage.com/t-bills-beat-cds/

Perhaps buy $15,000 in 26 week bills every other week, for the next few months. And leave $20,000 in a money market for emergencies.

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