Replies to post #54936 on Zeev's Turnips Patch-No Politics (ZEEV)

[tantal]

CD's, use a rolling maturity setup: buy some 6 mo, 1 yr, and 2 yr, and just roll it over into a new CD each time one expires.

For real safety, how about US savings bonds?

darryl

Small is small!

[greg s]

I've been through this with my Mom, who is 84. He can do better than 1% on CD's (even short termers like 12-24 months).

Also he can look at high quality (AA-AAA) corporate bonds, such as those issued by Daimler-Chrysler, GMAC, Ford, others. One "feature" of some of these bonds is the right to cash them out (death benefit) with no penalty should your Dad pass away (hopefully not for a long, long time).

I recommend the higher quality bonds, because I'm sure he is more risk-averse and would want to avoid high-yield bonds.

A few things I've used helping my Mom ...

greg.
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