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My wife and I have found ourselves, as many boomers have also, taking care of Mom and Dad. The most difficult situation lately has become advising them on money matters. My leanings are towards the foolish side of the spectrum while Mom leans toward coffee cans. Dad can't remember what he had for lunch, so his advice tends to be most interesting <g>.

Mom has just sold their home of many years and is moving with Dad to a retirement community. They're in their eighties and have lived comfortably on their meager pension and social security income.

Now, their future is tied up in the proceeds from the house sale. Mom wants it to be safe and I want it to keep ahead of inflation and maybe even grow a little.

But will she listen to her little boy (aged 52) who she still remembers squandering his allowance on the many things eight-year-olds love to buy?

I've been thinking lately that some laddered CD's would give Mom the peace of mind she's looking for and give her a little more interest than her 2% checking account. But with interest rates as low as they are, my fear is her after-tax return won't keep up with inflation.

And, in my opinion, annuities for eighty-somethings are foolish.

Are there any other options I should be considering at this point in their lives? Your suggestions will be most welcome.


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