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My suggestion would be that if Mom is healthy now at 65 she should do something to make that extra $250 now and not touch the $65k until she can't make extra money. You'll have to be sure she doesn't make enough to jeopardize her SS.

Ideas include: After school babysitting, pet and house sitting, part-time office work, evening babysitting, etc. None of these should restrict her freedom too much or be too taxing physically or emotionally but will give her a financial boost.

I pay $30 per night for someone to show up at my home, feed my dogs dinner and then sleep in my nice king size bed, wake up, feed them breakfast and then leave till the next night. Overnight petsitters are very hard to find and a godsend when you do find them.

I would invest the 65k in MM, CD's and I-bonds since she can't afford to lose any of her principle. But if she can put off touching it for 2-5 years that would be ideal.
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