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I am trying to help guide an aging parent, pushing 75, on the best course of action. Their health is not great. They have been a lifetime renter so own no property.

They currently have around 700k in Schwab. 350k in close to 60 different stocks!!! 75k in ETF and Mutual funds, and 200k just sitting in cash which I have tried to encourage her to put into a money market.

At this stage of life what is the direction to go?

She is risk adverse and having some cognitive challenges.

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