Ask Terry Questions Money in savings

Money in savings

By Terry Savage on February 17, 2015 | Chicken Money

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.

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