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Father died. Want to use life insurance payout to set Mom up for retirement.
Father died. Want to use life insurance payout to set Mom up for retirement. Since it isn’t earned income, it can’t be rolled over to an IRA. Without giving out too many specifics, the amount is over $100,000 and she is in her mid 50s. She has no other retirement savings. What investment options are there and what are the pros/cons to each? Would it be worth contacting a financial advisor? Thanks in advance.
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