My mom is a 63yo widow with a healthy (Texas municipal) pension and Social Security survivor benefits. She lives well below her means, so barring a disaster with her either source, she has no financial worries.
She also has a $100k emergency fund (~3 yrs expenses) in a typical, terrible savings account.
She wants the money accessible and safe (i.e. not invested) in case there's trouble with her pension/SS -- however, her family's usual life expectancy is 85 - 90 years, so the value of that cash will of course erode due to inflation if it stays in a savings account.
I have convinced her to at least move the money to Ally or another comparable bank -- Ally's money market account pays 0.85% and has check/debit card access, which is a big deal to her.
She's also open to the idea of putting at least some of that money into a CD ladder, which while not great, will gain her a little something extra over time.
Is there anything else I can do to help her protect the value of this fund without making her worry about risk?
Thanks!