u/whtabt2ndbreakfast

My parent owns 3 Texas gulf coast condos currently worth $750k combined, no debt. What might be a conservative % increase in value over a decade?

My mother is 73 yrs old and in excellent health. Her living expenses are currently comfortably covered by her SS and the payments from a business property she sold with a 15 year note (which has 13 years left).

She has a current net worth of $1.47 million: home worth $220k; 3 beach condos worth $750k; $500k in a HYSA and CDs. No debt.

Considering her good health and family history, I anticipate she’ll outlive the business property payments (age 86). At that point she’ll need to draw on her net worth, which should be closer to $2 million by then.

Is there a more optimized investment vehicle for her $500k over the next decade other than the ~4% that the HYSA and CDs offer? Would an ETF offer a low enough risk profile to justify the higher rate of return over a decade?