[flatbutt]

Originally Posted by rfuerst911sc

So my mother in laws house closing is tomorrow , she has moved into an assisted living facility by us . She will clear about 100k from the sale of the house . We want to invest the money into an account that is safe/insured . Thinking of a money market account at a bank with FDIC coverage.

The goal is to allow some growth but be quickly available if needed for any expenses outside of the norm . The assisted living facility is paid out of her pension/SS and spouse of war veteran assistance . So basically ALL of her week to week expenses are taken care of .She is 89 years old .

Any thoughts on our investment strategy ? We really don't want to deal with market volitility at her age . Her " nest egg " is 25k plus this 100k. The 25k is currently invested with a financial advisor in NY where she moved from . She is now living in Georgia near us . Any investment advice is appreciated . Thanks in advance .

The home didn't take all of her assets? That's very lucky indeed. IMHO keeping her liquid is more important since growth is unlikely in the time she has left.

edit: wow that sounded cold...sorry. What I mean is if she lives to 100 then the investment could realize some growth otherwise I'd invest in a way that keeps the money available without penalty.