Inheritance
I just received an inheritance estimated at about $75,000. I would like to know the best place to safely grow this money? CD’s, I-bonds??
Terry Says
Probably the best place is in Treasury Bills– direct IOUs from the Federal government.
Read this: https://www.terrysavage.com/t-bills-beat-cds-2/
You start by putting it all in a bank account, and then opening your TreasuryDirect account online — safely and securely, per the instructions in that article.
You might want to put $25,000 in 6-month (26 week) T-bills, and then wait a few weeks and buy another $25,000. Then another $10,000 or $15,000 in three more weeks. Leave about $10,000 in the money market account.
Give instructions to automatically renew the T-bills at whatever the rate is at maturity.
The interest will drop back into your account, and you won’t have to worry about the money.
Again, read the article for details.
