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Greetings, Grovine, and welcome. You wrote:

<<My mom is 62, she has $4000.00 in savings --property worth $39.000 -- her social security will be about $600.00 a month.What can she do to insure her future?
For the next 3 years she could invest $200.00 a month>>

Unfortunately, with only $4K in savings at this point there's very little she will be able to do to "insure" her future in the next three years. All she can save based on your message would be $2,400 per year for a total of $7,200. If that along with her current $4K in savings was invested in stocks each month and those stocks earned 11% per year compounded monthly, then your mom's savings would grow to $14,118. That's hardly an amount adequate to sustain her comfortably over the rest of her life.

Sad to say, but unless your parent has some other source of income for her retirement, she may be facing many more years of work and/or a very, very frugal retired life.


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