My Mom Refuses to Move Her $340K From a 4.2% Savings Account Into an Index Fund. 'What if the Market Crashes Right When I Need It?'

A 61-year-old woman has her entire $340,000 life savings sitting in a savings account earning 4.2%, and her child can’t understand why she won’t put at least some of it into an index fund. The answer comes back every time:...