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All pretty good advice. I agree, she should sell her house, or at least look into a reverse mortgage...but fees could be too high to make it worthwhile and she would still need to stay in a four bedroom house with $400 a month heat bills. Ouch.

She can move her husband's 401K into her own IRA in her name at Fidelity or Vanguard. At age 68, $90,000 is not going to last long. Annuities can have very high fees, so one would need to shop very carefully there with due diligence. Bonds/CD's have paltry returns not worth anything today. They are just safer than stocks. You might want to hike over to the Dividend Stock board. Many of the old standby's like MCD/KFT/XOM etc,are giving decent interest rates compared to CD's. But she would have to be able to stand the fluctuation in stock prices and investing in stocks with only $90K is a big risk to take. If Fidelity has a brick/mortor office near you, they would be happy to talk with you, but can only recommend mutual funds/annuities. You are on your own with equities.

She needs to find work asap and your family may have to realize that she may need financial help in the future.

I was widowed at age 50. When I read of these situations, I can thank God for my good fortune!

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