No. of Recommendations: 0
Another wholehearted vote for Vanguard.

Whatever you do, I wouldn't take the advice of any financial consultant that works on commission. Believe me, most of them don't have your mother's best interest at heart. Most are more concerned with how much they can make if they can talk you into their "sale of the day."

Another option is to open your Vanguard account (after considering the advise you have gotten from the other Fools regarding your post...and...after reading books like "Mutual Funds for Dummies" and "Investing For Dummies" by Tyson) and then consider opening an account at someplace like Schwab. At Schwab you have access to non-commissioned brokers who can give you advice as well. (You do need to have a $20,000 balance there, however, to avoid quarterly fees. Check the website or call them and have them explain the fee information to you.)

Meanwhile, while you are deciding, put your money in a money market account (which you can also get through Schwab if you decide you're going to open that anyway...or...through a Vanguard Money Market) rather than a savings account. The interest will be much higher.

Good Luck,

(btw...I have no affiliation with either Vanguard or Schwab other than that is how I chose to invest my money.
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