Inheritance
I am retired @ 58 and receiving a monthly pension from my employer. I am confused I were to put this money to invest in a safe fund. Thanks for the help .
Terry Says
At this point, being retired, and assuming you don’t want to lose a penny of this “extra” money, I’d leave it in a money market deposit account at your bank. YOu won’t earn much interest right now, but you won’t lose a penny. Inflation will eat away at it, but it’s hard to beat inflation without taking any risk.
And, if I might advise, right now while employers are seeking help might be a good time to find a part-time job to increase your savings.
