No. of Recommendations: 1
I just went thru some of this for my mom. This is what worked for us.
3 $10,000 IBonds 4.66% (maximum $30,000 per yr per ssn)
1 yr CD 1.7% $30,000
2 yr CD 2.5% $20,000
3 yr CD 3.0% $20,000
Money market fund 1.1% $25,000
I got the forms from the bank for the IBonds. After the first of the yr you have to go thru the internet for purchases.
She also has $$ in a life insurance policy paying over 4% and quite a few shares of stock in the hometown bank.
She is 84 and I have her money projected to last 12-15 yrs, maybe longer.
Oh...and she has health/nursing home insurance.
And don't forget POA for finances and/or health.
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