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My mother just got cashed out on a house she owned and promptly went out and invested in a 1 yr. Cd. Now I'm no fool , "aspiring to be one however", but this seems like a bad choice for her. She is in her low 70's in perfect health and I don't expect her to be taking lots of risks but is a 7% to 8% cd the best way to go? I know there a lots of you foolish seniors out there with the real nitty gritty. Thx B.B.
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