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How about a limited term fund or a taxable muni fund? Strategic income fund. Callable CD with an estate put. Money under the mattress and pull a little out each month.
Check out SSSGX. No in or out cost and pays 75 bps trail. 50k minimum and low volatility.
I typically use lord abbett short duration but not sure an 80 year old would like the fluctuation it has.
Unless she is willing to accept some risk, she might not be a client.Not everyone is meant to invest. Horrible time for income investors right now (that don't want equity income).
Uit
American Funds Preservation Portfolio