CD MATURING
WE HAVE A 104K CD MATURING.
IT WAS AT 4.420%
WE CAN TIE THE MONEY UP FOR A WHILE IF NEEDED. (I’M 78, WIFE 70)
HAVE VERY A GOOD PENSION & 1.3 IN 401K’S.
SHOULD WE DO A TREASURY NOTE? (NEVER HAD ONE)
OR SOMETHING ELSE THAT WOULD BE SAFE DURING THESE TIMES.
Terry Says
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
Open a TreasuryDirect account using these instructions.
If you have a Revocable Living Trust for your estate plan, you should open it in the name of your trust, using your SS number.
Link it to a bank account in the name of the revocable living trust if you have one.
Then take half the money and buy 26 week T-bills, expecting to get a bit over 4%, and half the money in 13 week bills. That will stagger the maturities.
By the way, if you don’t have a current estate plan, watch this video:
https://www.terrysavage.com/wp-content/uploads/2022/10/Terry-Talks-Wills-Trusts-Estate-Planning.mp4
