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My mom and dad are 86 and 96 (!) I am trying to advise them on some specific income producing investments.

They live solely off social security and small quarterly dividend checks from the (mostly) utility stocks they have owned for years. Neither have retirement or pension plans.

In what can they invest (with the exception of junk bonds) to generate the most money coming in regularly to help with living expenses and unforseen emergencies?

Thanks so much for any advice.

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