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A little bit of this and a little bit of that

By Terry Savage on April 04, 2021 | Financial Planning / Retirement

Hi Terry.
I have $20,000 I want to grow some money on. I have no clue where to start. It’s currently in a savings with 0.01% interest. It was an account from before. But I made a profit on the sale of house and after hefty down payment on new house and using some money to rehab I kept that amount to the side.
I know I need a different savings account with higher interest. Do I go to a brick and mortar or an online savings? And which one?
Also I am open to splitting and doing some CD too. And maybe some investment as well. BUT I know NOTHING about CD’s or investing. I am completely ignorant to it all unfortunately.
Should I find someone to help? And if so who? I find searching the web informative but also know there is a lot of misinformation out there.
ALSO I have a couple different retirement accounts from past jobs that I never rolled over (I don’t know how to do that either) that I hear you say we should do.
My parents never taught me this stuff and I am a single mom of 2. I am 42 years old and now have a good job and some better stability then in years past. I just need some help navigating these issues. Is there someone that can help? Who? How do I know they are safe?
All I know is that I need help getting it organized but it’s hard when I don’t fully understand it all.
Thank you.

Terry Says

OK, let’s start from the start. I wrote a book exactly for people in your situation who did not get these basic lessons at home! If you will order it on Amazon (linked here) and read just the first half of the book, I will give you a personal money back guarantee if you don’t think it answers your questions. AND, I’ll be happy to chat with you via email if you have questions. But instead of trying to explain all these basics, this book will give you a grounding so you understand the specifics of my answers. So in the meantime, leave the money in the bank — except for the $10 cost of the book! Deal??

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