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Thanks to everyone for your insights.

I could have been more specific. I am managing finances for an Illinois resident (no muni funds) from California. The funds are held in trust, so opening new accounts is non-trivial.

I'm considering moving to CD's with local banks, I'll need 2, or perhaps a combination of a bank CD and a money market in an existing Fidelity account.

I see TIPS as too long-term for an ailing 92-year-old.

I have downloads of the two recent "This American Life" financial programs on my 'to listen to' list. The bits I've heard suggest that they demystify much of what has been happening.

http://www.thisamericanlife.org/Radio_Podcast.aspx

Thanks again,

baumgrenze
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