Spare Money to Invest / Best Place to put it
Terry, Hello! I am 69 years old, still work in sales call my own shots. I have a 401K have never touched it, was over 500M not now.. Have an Edward Jones Acct. was 95M, not now.. Finally I have about 100M in a money market checking account… I can put much of this money somewhere else, is the I Bonds the way to go? My wife could put in 10M as well… I was prepared to put 30M – 40M somewhere.
Terry Says
Sounds like you’re in good shape! I would recommend that you and your wife, EACH purchase $10,000 of I-Bonds — knowing you won’t touch that money for 5 years at least.
https://www.terrysavage.com/i-bonds-everything-you-must-know/
And, instead of having a MM account earning very little, you might want to also purchase 13 week or 26 week Treasury bills, leaving just enough in your checking account for emergencies and everyday spending.
https://www.terrysavage.com/t-bills-beat-cds/
