Ask Terry Questions SETTLEMENT MONEY


By Terry Savage on March 19, 2023 | Chicken Money

My husband received a settlement for 152K from an accident at work that has ended his working . I have been sitting on this check for several weeks because I don’t know where to put it that it would be safe.
We want to be able to get to some of it if needed.
Thanks Terry! I listen to you on WGN

Terry Says

Deposit it in a bank MM fund. Then open a account and buy T-bills with at least $100k. Read this article to see how to do it. This is the safest investment possible.

Buy half in 13 week bills, and the other half in 26 week bills. Set up automatic renewal at maturity; you can always change that until a week before maturity.

Leave the balance in the money market fund for liquidity.



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