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Author: bigcaat Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35271  
Subject: Re: Advice for my mom (79) needed. Date: 4/17/2002 5:48 PM
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Thanks Lokicious, I knew there was a reason I have you on my 'favorite fools' list.

I agree with so much of what you're saying. Little by little I chip away at trying to get her to understand that that monthly income is not going to be enough for her. What's the old saying about leading a horse to water....I'll keep trying though.

That makes sense about splitting between Wellington and Balanced. And, yes, I looked up "CD Ladder" after my last post. I'm curious, though, is it a good idea for her to tie up money in something like a 5 year CD when she has so little of it liquid and the rates are so low? Might I be better off going with some of shorter term CDs, maybe a 12, 18 and a 30 month, and then some in a MoneyMarket? I'm just wondering if in a year, if interest rates rise, if something like a Netbank MMkt won't be paying as much or more than the CD I lock into today.

Thanks for the empathy. It sounds as though you have an idea, through your wife, of what an uphill battle it can be sometimes.

Who is thinks very highly of both having a housecleaner *and* take out food! Congrats to your wife on her accomplishment. :)

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