CD’s and money market accts
Hi Terry; You were a major blessing to me and my over 100 year old family business during Covid and I’ll never be able to say thank you enough. We are now just about back to where we were prior to Covid and continuing to grow. I’d like to know if I should take some of the money I’ve been able to personally save (About $20,000.00) and put in an online CD or money market. The rates seem so much better than the traditional bank options but I’m a bit skeptical. Are they safe and are there ones you would recommend. I am now 70 and have no intention of stopping producing rodeos anytime soon but I am cautious about almost everything related to finances. Thank you so much! God Bless!
Terry Says
Well, that’s great to hear. So glad you survived–and prospered! I remember your business because it was so unusual.
Yes,if you’ve contributed enough money to your tax-deductible retirement plan, and if you have some “left over” you should save it in the safest place that will give you high yields. I’d highly recommend U.S. Treasury Bills. It’s easy to do.
Just read this column: https://www.terrysavage.com/t-bills-beat-cds-2/
