So I'll try to be direct without too many details but it's kind of hard because my dad recently passed away from brain cancer and it's an emotional topic for me...
Basically, I'm a 22f and my mom has been unable to work since my 8th grade of high school. This means she in unable to draw social security, if any it won't be enough to live on forsure. My dad was a successful man and worked hard. They always budgeted and invested their money. Last year however he passed away from brain cancer. Before he passed away, they withdrew half of his life insurance as a way to afford trips and events he had always wanted to experience. No regrets there. However, now the second half has been withdrawn and some of the stocks they accumulated while he was working are still there earning interest or whatever. My question is, since this money is the only money my mom will have to love off of for the rest of her life (she's 48), what do you guys recommend she do with it? We have thought about seeking financial guidance, she really wants to invest some so that she can still earn money , but we aren't sure of the best approach. She told me she was considering purchasing some Cds but I feel that they don't yield enough over time and maybe two is ok but I feel like there are better ways to accomplish the goal. What do you guys recommend?
Submitted April 10, 2019 at 12:21PM by BeanieBabyBoogie http://bit.ly/2UKIQe5
