My 80yr old widowed mom has $600k in cash from a recent property sale and is unhappy with the less than >1% ROI of it sitting in a savings account.
She has sufficient money coming in from Social Security and annuities to cover her day-to-day expenses, this money is her primary buffer to use if/when her health begins to decline.
She is currently healthy and getting around, I am nervous about how easy the access to such a large amount of cash she has, it would be a tempting target for a scammer.
Where do I steer her into putting this chunk of cash? It would be nice to get a bit of a return on it (not really necessary though) and to have it readily accessible when needed.
TIA
