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  • Not sure about the US, but in some countries, a fiduciary, even if doing a pretty honest job, is a really expensive service. One should have very clear information on how and how much this person is being paid and if he/she takes any bonuses from some investment broker. Commented Apr 8, 2019 at 17:40
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    @Mefitico You raise a good point. However, the fiduciary would likely be less expensive that someone who churns stock or puts them into products that don't fit. Which is also (not by coincidence) why a fiduciary can charge a higher rate/amount. Commented Apr 8, 2019 at 17:46
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    T-bills man. They're paying better than CDs right now. Commented Apr 9, 2019 at 14:13
  • @Joshua Good point. I didn't think about T-Bills because of the parents current age and the fact that one is in poor health, but I guess most TBills are redeemable early. The lack of state income tax on proceeds (often high in the NE) may be an additional benefit. Commented Apr 9, 2019 at 15:31
  • @J.ChrisCompton: T Bills mature in 6 months so I didn't think about selling early either. Commented Apr 9, 2019 at 15:32