Financing
I’m 74 and still working full time.
My wife is retired. We both are receiving SS.
We have about $125K saved in a very low interest savings account. We have an outstanding mortgage of $170
Home is valued at $550
What do you recommend?
What do you recommend.
Terry Says
I recommend a session with a fee-only fiduciary planner to see what you might have overlooked. Read this: https://www.terrysavage.com/pam-krueger-wealthramp/
Pam will connect you with someone you can trust. This does not have to be a big expensive project. But a Certified Financial Planner will look at your income and expenses, your insurance, and your plan for aging. And, by the way, do you have a will??
You should probably leave your money in the bank. Or consider buying Treasury bills — IOUS from the government– with a portion of your savings.
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
