Money market or tbill
What is the best way to invest a large lump sum of money immediately to avoid taxes and gain interest? I am 70..
Terry Says
There’s very little way to avoid taxes on the interest you earn. Treasury bills are not subject to state income taxes though.
So please read this: https://www.terrysavage.com/t-bills-beat-cds-2/
6-month T-bills are currently yielding about 3.6%. If you have a very large amount you might want to stagger your purchases every two weeks, so as some mature and get reinvested, you will get regular interest deposits back into your bank account. (See article)
