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A co-worker inherited $20,000 a couple of years ago and has kept it in a CD at only 5%. Maturity date is coming up and he asked me if 5% is good. Because I'm a new Fool all I could tell him was that inflation averages 4% (probably more in Hawaii where we live), so he's actually getting only 1%/year. He asked me to Ask the Fools for advice on where he should invest it. He is 50 years old with no mortgage payment and basically debt free, but I'm not sure if he has a retirement savings. Any Foolish advice (or should I have gotten more info?).
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