My mother (90 yrs) recently sold her house and has moved into an apartment. Her problem is how she is going to invest the money she received from the house so that she can derive some additional income in order to pay additional expenses that she will have to pay each month. She has set up a systematic withdrawal plan putting most of the proceeds in a money market fund. We have read many articles about planning but none when a lump sum comes at her age. Suggestions please!!
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