Money in savings
What should I do with my savings in a few different banks now that I have retired. I do have a few annuities to compensate my living expenses per month.
Terry Says: I am about to post a column on “chicken money” — money you can’t afford to lose. It should be up on my site within the next day or so. Without knowing your total circumstances, I would suggest that if you don’t want to risk losing ANY money, you leave it in the bank – or banks– under the FDIC insured limits of $500,000 per account.