WHAT TO DO WITH INHERITANCE DOLLARS
My mother left me $25,000 – I want to put it somewhere safe for retirement (I am 68 yrs old -still working full time) – what would be the most prudent thing to do with this money? I do not have a lot of investments -only the 403B from work – my spouse is self employed -so we need this money to grow and not disappear – please advise . thank you
Terry Says
I can assure that it will not “disappear” if you put it in a money market deposit account at the bank, or in Treasury bills. REad this: https://www.terrysavage.com/t-bills-beat-cds-2/
Andi f you’re exposed to stocks in your retirement plan, you probably want to keep this in bank CDs or T-bills. (And be sure to pay off high interest credit card debt!)
