Need more information on your mom’s situation to determine the best way to invest for her.
I manage my parents money. They are in their mid-80s and are very, very risk averse. I have them in only TBills (and other treasuries) and CDs through a Schwab account. Overall, the yield is currently about 5.3%. No state tax due on the treasuries. If the fed starts cutting rates, this yield would go down. The Schwab interface makes it easy to pick a spot out in the yield curve that you are comfortable with, i.e., 6 months out or 2 years out, etc. Schwab can also build a bond ladder for you if you don't want to do it yourself.
Good luck.
I manage my parents money. They are in their mid-80s and are very, very risk averse. I have them in only TBills (and other treasuries) and CDs through a Schwab account. Overall, the yield is currently about 5.3%. No state tax due on the treasuries. If the fed starts cutting rates, this yield would go down. The Schwab interface makes it easy to pick a spot out in the yield curve that you are comfortable with, i.e., 6 months out or 2 years out, etc. Schwab can also build a bond ladder for you if you don't want to do it yourself.
Good luck.
Statistics: Posted by Fat Tails — Wed Jun 05, 2024 12:53 am — Replies 7 — Views 707