Came into some money
I just recently came into 200,000 what should I do with it ? I don’t need it now but I might need it in the future don’t want to get a penalty for taking some of it out
Terry Says
You should put most of it in safe, U.S. Government Treasury bills of 6-month maturities. Read this article for directions: https://www.terrysavage.com/t-bills-beat-cds-2/
You can stagger your purchases, perhaps buying $25,000 every other week for six weeks. That way they will mature in a staggered basis — YOu can direct that they be automatically renewed — OR if you need the money you can ask that the money be returned to your bank account at maturity. It’s all explained in the article.
Maybe keep $50,000 in a bank money market fund, which you can take out at any time.
