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Old 01-31-2023, 12:06 AM
 
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The good thing is you probably didn't lose money last year, like most of us did. Personally, im a bit a skeptical of the 2023 market. You can never go wrong with diversifying in several areas.
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Old 02-06-2023, 04:13 PM
 
Location: Hawaii.
4,859 posts, read 426,343 times
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Quote:
Originally Posted by joeman View Post
Bask Bank online is 4%, so is CIT bank online savings.

Of course we don't have a crystal ball, but do you all foresee online savings account rates (and 11 month CD rates) going up to 5% or more in 2023?
Do you qualify for Navy Federal CU? 15 months, 5% yield (not rate.)
You can get in with as little as $50.00 for that CD. EXCLUDES IRA. $250k maximum. Dividends earned that would put you over the maximum limit are not counted against the limit. You can add money anytime.
Offered as "Special 15 month Certificate."
https://www.navyfederal.org/checking...es.html#EMSV06
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Old 02-06-2023, 04:45 PM
 
Location: North Carolina
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Vanguard Federal Money Market paying 4.4% currently, good place to put cash while deciding which stock to buy.
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Old 02-07-2023, 10:18 AM
 
Location: Victory Mansions, Airstrip One
6,643 posts, read 4,931,954 times
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If the question is about a safe place to put money, T-bills or CDs are good choices IMO. You can get yields close to 5% today.

As others have alluded to, however, it seems you may be asking how to invest money that's meant to support you through retirement. Putting roughly half the money in stocks, and half in bonds, has been the conventional advice for retirees. There are mutual funds (the already mentioned Wellington, for example) that will do this for you all in one holding, or you could separately buy stock and bond funds.
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Old 02-07-2023, 09:54 PM
 
Location: Bellevue
2,971 posts, read 3,205,394 times
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Quote:
Originally Posted by joeman View Post
I've got a large chunk of savings $ sitting in an online savings account making 4% APY. It's awesome!
But I've got another chunk of savings in my Traditional IRA in a Federal Money Market account that isn't paying nearly as much. I'm 62 years old. What would be my best move with the cash that is in the IRA money market?
Get the IRA out of Federal Money Market & invest in another portfolio. At 62 suggest a mix of stock & bond index funds. How much in each is up to you.

At 62 time to check out what you will get in benefit from Social Security. Your FRA could be 67 to apply & collect Social Security then also apply for Medicare.
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Old 02-09-2023, 01:41 PM
 
11,136 posts, read 15,902,382 times
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Quote:
Originally Posted by GWoodle View Post
Get the IRA out of Federal Money Market & invest in another portfolio. At 62 suggest a mix of stock & bond index funds. How much in each is up to you.

At 62 time to check out what you will get in benefit from Social Security. Your FRA could be 67 to apply & collect Social Security then also apply for Medicare.
One needs to apply for Medicare at 65 (if no longer working and not covered by a qualified health plan), not at FRA.
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Old 02-11-2023, 04:48 PM
 
Location: Valley of the Sun
2,617 posts, read 2,299,062 times
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In my TD Ameritrade account, what's the best fund to use to get the highest return without risk but something I could liquidate quickly if needed? So far the best I can find in the US Treasury 3 Month Bill ETF (TBIL) with an annual yield of 4.37%. Any other ideas?
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Old 02-11-2023, 04:53 PM
 
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No such thing , if it isn’t inflation risk then you have market risk
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Old 02-11-2023, 09:56 PM
 
Location: Victory Mansions, Airstrip One
6,643 posts, read 4,931,954 times
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Quote:
Originally Posted by lewdog_5 View Post
In my TD Ameritrade account, what's the best fund to use to get the highest return without risk but something I could liquidate quickly if needed? So far the best I can find in the US Treasury 3 Month Bill ETF (TBIL) with an annual yield of 4.37%. Any other ideas?
Both the 4-month and 6-month Tbills yield 4.89%.

You can liquidate a bill as easily and quickly as an ETF.
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Old 02-12-2023, 08:19 AM
 
Location: Valley of the Sun
2,617 posts, read 2,299,062 times
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Quote:
Originally Posted by mathjak107 View Post
No such thing , if it isn’t inflation risk then you have market risk
Quote:
Originally Posted by hikernut View Post
Both the 4-month and 6-month Tbills yield 4.89%.

You can liquidate a bill as easily and quickly as an ETF.
To clarify, this is an amount of money that will be used within the year for a home improvement project. I still put 20% of my salary into stock investments. I just don't want this chunk sitting in a savings account doing zero when I can at least get a small something until it's needed to be used.

I'm also considering using something like this for a bulk of our emergency fund. Is there any reason I shouldn't right now? Or maybe the better question is, where should an emergency fund be kept that is low risk and easily accessible, but not a savings account getting nothing?

Thank you, Hikernut.
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