Ask Terry Questions where to put money

where to put money

By Terry Savage on September 29, 2016 | Chicken Money

have recd a cash settlement....have other retirement money in place....whats the best place to put this for some quick - fast - cash access....was going w/ commercial mortgage bridge loans till saw your answer!!! thanks

Terry Says

Oh please don't do that!  Put this money in a bank money market deposit account, or put half in a one-year CD (no longer maturity than one year).  I realize you will earn no interest.  But at least you won't lose any money!

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