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My father just took advantage of an early-retirement program for teachers, and he'll be getting a lump sum soon. He has no idea where to put it, and I'm trying to help him.

Here are the specifics:

My parents both work. They're 55 years old. My father will be taking early retirement, which means he'll work for the next two years at reduced pay, and he'll receive a lump sum of about $125,000.

They think they can get along just fine on the reduced pay, and my father will be supplementing their income by teaching classes at a local university.

They want to know where to put this lump sum so that they can expect a reasonable return. They're willing to take a moderate risk, but they are going to need to start using this money within ten years or so.

Any suggestions?
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