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<< I am writing on behalf of my mother who is 68 and, now that my father has died, has roughly $500,000. She currently has all that money in CDs, earning about 6%, and she insists that she only feels comfortable in FDIC insured investments. She won't even consider bonds. Can you tell me what the official Foolish theory is on in-retirement investments? >>

I don't know if there is an "official" theory about ANYTHING at TMF, but this Fool's theory says your number one concern should be absence of worry about your investments. If she's happy and not in danger of draining her principal, leave her alone.

This also falls into the "be careful what you wish for" category. I harrangued my father for years about this very issue. He finally gave in, but in exchange got obsessed with the market. Now we get to talk about the daily ups and downs of the market on a daily basis, nonstop CNBC, etc. I'd rather watch paint dry.

Phil Marti
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