conversation: User (quickquestion201712): "Hello, looking for advice concerning my widowed Mom and what she should do with her money now that she is alone.  My Mom is 58 and has about 80k in cash.  All the major assets and expenses are paid for and only has to worry about monthly bills such as electric, internet, and car insurance.    She has a decent job that pays about 36k a year.   She only has about 10k in her 401k.   Also, my dad was 77 and was receiving SS benefits.  I'm going to call SS and see if she'll be eligible for a portion of his benefits.\n\nI was thinking of putting her money in a high yield savings account, but was thinking of other ways to maximize her money.  I'm cautious about investing it in mutual funds or stocks because she'll need the money within a few years.  \nI plan on supporting her in the future, but want to wisely use her money.  She isn't that financially savvy since my Dad took care of the finances.  So, I plan on creating a budget and track all the money.\n\nThank you"
  Self: "With that amount of money you should definitely pay to meet and talk to a professional who can help you manage that money and make sure there are no issues with the IRS."
  