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Since her current cash flow is sufficient, you and your mother may want to look at some sort of split investment. An example might be $15,000 to a Money Market Fund (NOT at a bank), and the balance into closed-end fund(s) invested in convertible bonds--or real estate (REITs)--or tax-free municipals (UITs). This would provide some protection for inflation, increase diversification, and sustain flexibility. Further, it avoids the problems of a CD.

All the best!

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