Small inheritance
I know you talk about similar questions but at the time I didn’t have the money —I’m 71 and still working – inherited 90k
Are the T bills the way to go and do i invest some of it or all ? (Rather than a savings account with no interest)
Terry Says
Absolutely out most of it in Treasury Bills, but buy some 26 week bills and some 13 week bills, and stage the purchases every two weeks.
So for example on week 1, but $20,000 of 26-week T-bills. The on week 3, buy $20,000 in 13- week bills. Then on week 5, buy another 20k of 6-month bills and on week 7, buy $20k of 3 month (13) week bills.
When you buy them have them automatically renew (rollover) for the maximum number of times. At every renewal, the interest will drop back into your linked checking or money market account.
Reserve the remaining $10,000 for this MM account so you’ll always have some liquidity.
Instructions here:
https://www.terrysavage.com/t-bills-beat-cds-2/
