How invest $250,000
Hi Terry, I am looking for some ideas to invest $250,000. I recently invested in a 5-year annuity with Chase Bank. I would like to know if this was a smart move. Also, the annuity is paying 4.96 percent.
Terry Says
Banks don’t sell annuities. Their brokerage divisions do. And you got a terrible rate. Go to www.StantheAnnuityMan.com and get a much better rate quote from many different insurance companies. You have a “window” to get out of this — so I suggest you do so immediately.
And for “other” money, beyond what you want to tie up for 5 years, consider this: https://www.terrysavage.com/t-bills-beat-cds/
