What is the best way to generate interest on this? Besides letting it sit in a savings account at her bank and virtually accumulate nothing.
One thing my mother is worried about is taxes I would have to pay on the money once it is transferred to me. What options would be tax free? If there are any?
Also, my mother is 63, and I would like to do something like travel with her before she is too old.
What options would you recommend for maybe setting aside 15k for travel and leisure, and putting the remaining 60k into longer term investments, that would be tax free, or closest to it for me as possible?
Submitted August 02, 2018 at 08:04AM by cicibellis4life https://ift.tt/2n4lkq1
