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Author: SirTas Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75797  
Subject: Re: What to do with my mom's $62,000 Date: 3/18/2007 3:41 PM
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Condolences on your dad's death.

I think the idea about VMMXX is a good one, but I also think that if your mother is going to be needing money from the $62,000 five or ten or more years down the line, she might be well-advised to seek (in addition) some more aggressive investment. Then, as the years go by, she could shift some of that money into VMMXX.

I think the general idea of being conservative is fine, but if the cost of living rises (and we have the kind of inflation that I'm sure your mother remembers from the 1970's), the very conservative strategy might not be appropriate. Maybe there's an emotional element here too--she wants to make good use of the money that was generated by your father and not have his work and his saving go in vain. But I'm sure she doesn't want inflation to eat up his savings either; she wants those savings to stick around. It's a tough call!

--SirTas
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