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My Dad (78) just died and left my mother (72) with about $50,000 worth of Series E Savings Bonds. They are only earning about 4% interest, but since they are all quite old most of their value is in interest (about $35,000), and therefore subject to Federal Taxes when cashed.
She has a comfortable pension income and could afford to invest this money in stocks, bond funds, etc.
Any suggestions?
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