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|Subject: Grandmother's Retirement Money||Date: 11/15/2006 1:04 PM|
|Author: stone9||Number: 54402 of 72262|
I need some advice on where my Grandmother should put her savings. She is currently not working (a.k.a. retired) and living in a retirement home. She has a sizeable amount of savings that had been in CDs (which are set to expire soon) and she is wondering where the money should go next.
I said since this is her life savings, she may want to consult a professional CFP, but it's unlikely she would do that. I told her there was no one I trust more than the Fool community for matters related to this.
Does anyone have any recommendations. Should she just put it back it CD's or maybe just cash right now (with today's rates).
Thanks in advance guys.
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