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Hi there, DrCatwoman,

[Forgive me if you get two of this--I clicked "submit" a half hour or so ago and nothing appeared on the list.]

Your grandmother has done amazingly well, to have a safe stash of $60K at age 94. Why, at her current level of care she has sufficient resources for the next ten years!

You're worried that the level of care she requires will increase--entirely likely. And likely to happen sooner, not later, with very short notice. Not to be grim, but this elevated level will also very likely be short-term. Where she lives now, is the $60K (along with pension & SS) enough to cover, say, 5 more years at her current level and 2 years at the next level? 4 years and two years? 4 years and three years?

If it is, then your path is clear.

AT this point in a very long life, her priorities for that money are safety and accessibility. And her priorities are paramount. She is in no position to tolerate any risk at all. None. Zilch. Nor does $60K afford even one dollar for stock/mutual fund transaction fees, costs, etc.

I want to preserve her money for as long as possible, and not just keep everything in cash and spend down until there is nothing left...

Reconsider. You're preserving it for...when? what? Today, and the next five years or so, is what that money was saved for. Plan on spending every nickel of it on her. Move it all to the highest-yielding money market fund you can find and leave it there. Let it do what it was meant to do--protect and keep her in her final years.

a stranger's unsolicited $.02

kse4












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