investment
I am 64 years old recently inherited approx. 50,000 dollars. I am not retired. I’m looking for suggestions regarding appropriate funds in relation to my age. I hope to retire by 67.
Terry Says
Without knowing your entire financial situation, it’s hard to advise. I suggest you leave the money in the bank in a money market account, earning around 3.5% for at least a year. You’ll find it’s very reassuring to have money in the bank — and you don’t need to take any risks with it. However, if you have any credit card debt, I would use a portion to pay that down.
