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I am selling my mother's house and expect to get around $60,000 for it to finance her stay at an assisted living home. The cost to stay at the home is $1300 per month and she gets only $500 per month SS. What's the best way to invest the proceeds from the sale of her house to attempt to cover the remaining $800 each month without exhausting the entire $60,000?
Stocks or Mutuals but short-term cap. gains? Short term T-bills or bonds? CD's and/or money markets? Show me the way. Thanks
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