Ask Terry Questions Windfall distribution help

Windfall distribution help

By Terry Savage on March 11, 2020 | Chicken Money

I am getting $100,000. I want some chicken feed money, yet as a retired single senior, I want to put part of it somewhere to use the interest to supplement my income monthly. I am a renter, debt is only $4000. ,and own nothing on my car. What should I do? Thank you so much.

Terry Says

Honestly, at this point I would leave it all in the bank, half in a one-year CD. I don’t think you want to lose ANY of this money– and I’m glad you have it. But definitely pay off your debt. You might need this money for the proverbial “rainy day”!!



a personal
finance question