re: Large Inheritance at the age of 62, WWYD??

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I spoke with her regarding the dividend paying stocks but a downturn in the market would kill her equity. I

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Not within her retirement window.

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I had also mentioned to her about buying a small duplex which would be another cource of income and the equity "shouldn't" depriciate especially in the right area.

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It wouldn't be bad on paper - and something I might consider, but owning property is like having a part time job on top of the money invested.

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The car will not be a fancy car but it will be new so that shouldn't be too much to worry about.

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Which, of course, is absolutely guaranteed to kill the equity spent on it within her retirement window.

People have to spend money - I certainly do, but rushing out to do so, as soon as it hits the bank account, is a practice contrary to obtaining/maintaining wealth.

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I also looked into CD's but those rates are laughable.

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I agree with this as well, but doing nothing (or spending the money on depreciating assets) is even more laughable.

ETA: In fact, if she has had to struggle and sacrifice all her life, it would be better to set the money aside for annual vacations or such, once she retires - a trip to London, Paris, Rome, Japan, Brazil, etc., is going to be more rewarding and fulfilling than to blow it on cars, clothes and crap at Wal-Mart.

Just my $0.02.