Long time lurker in this forum and now finally would need some advice for my mom.
My mom (64) lives in Switzerland and has two income sources:
1. Social Security (AHV): 2000 USD
2. Pension from my Dad: 1500 USD
She has a house which she pays 700 USD mortgage a month and is living fugally in general.
With the current income she can live comfortably.
The main risk is that if my Dad (who is 73) dies she will not get the pension anymore.
My Dad is not on the verge of dying but also not super healthy.
My mom got now 40k USD as an inheritance sitting in a bank account, which she does not need for now.
But she might need it if my Dad dies, but then it will only replace income for roughly 2 years.
My mom is very healthy and my grandma lived over 100 years, so she still might have 40 years ahead of her.
My mom has two kids, me and my sister. We are both financially well off (I make 400k, my sis + husband around 200k I guess), so we could also replace the income of my mom when my dad dies.
So what should I do?
Put everything in stocks and just replace the income of my mom should my dad die earlier but have the advantage of more gains in the future if my dad lives longer? I would then also add my mom to my life insurance in this case.
Put it into some low risk investments like bonds (maybe someone can recommend something for Switzerland).
A mix of those two?
Thank you so much!