Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Simple and safe way to manage a lot of cash
If this money is intended to be used for retirement and depending on how old "older" is, it sounds a little risky to be putting too much money in a stock based mutual fund.  While the CDs may seem like crappy investments right now, it is important to down-shift risk as you get closer to retirement because this person won't have as much time to recover if the markets take another big dip.