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Old 05-22-2015, 01:27 PM   #1
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63 yr old to retire in 2 weeks . Have 1.2 mil in 401k/sep ira, and need ideas on where to put 300 thousand extra savings cash for safety and 3-5% growth for 12 months. Ny thoughts?
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Old 05-22-2015, 01:39 PM   #2
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63 yr old to retire in 2 weeks . Have 1.2 mil in 401k/sep ira, and need ideas on where to put 300 thousand extra savings cash for safety and 3-5% growth for 12 months. Ny thoughts?
Santa Klaus Bank?
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Old 05-22-2015, 01:44 PM   #3
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Set the flux capacitor for 1998 and buy a one year 5% CD.

barring that, if safety is important settle for 1%.


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Old 05-22-2015, 03:04 PM   #4
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2200 shares of AAPL - as much as a sure thing as you are going to get in this market.
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Old 05-22-2015, 03:27 PM   #5
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One word..."plastics"

(Oh, that was 40 years ago)
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Old 05-22-2015, 08:11 PM   #6
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63 yr old to retire in 2 weeks . Have 1.2 mil in 401k/sep ira, and need ideas on where to put 300 thousand extra savings cash for safety and 3-5% growth for 12 months. Ny thoughts?

Sorry, that was the only thought I had

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Old 05-22-2015, 08:38 PM   #7
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I can't get you 3% to 5% over 12 months but here is the best I can do:

Open two investment accounts at Capital One. One for you and one for spouse if you have one. Put $125,000 in each and Capital One will give you $600 per.

Now you are at $1200/$250,000 or a 0.48% return (I think you have to leave the money with them 90 days.) Technically that is about a 2% annualized return with zero risk, and you can still put the money in something inside the investment account.
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Old 05-23-2015, 12:35 AM   #8
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Congratulations on your retirement.

I'm right with you on your investment dilemma. I kept a year's withdrawals in a money market account and put the rest in medium conservative good ETF's.
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Old 05-23-2015, 07:21 AM   #9
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I'm thinking about the same issue. I plan to sell my house and rent for a year, then re-buy. Having all that cash not even keeping up with inflation is a depressing thought.
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Old 05-23-2015, 07:25 AM   #10
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So, am I the only one that thought this thread was about something else?
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Old 05-23-2015, 07:36 AM   #11
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Purchase nice/new home with cash for $250k. Rent for $1,700+ per month. Profit $17,000+ annually.


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Old 05-23-2015, 08:13 AM   #12
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So, am I the only one that thought this thread was about something else?
Not at all
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Old 05-23-2015, 09:04 AM   #13
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3-5% seems like a very optimistic return for anything I would personally call a "safe" investment. A safe investment to me would be either CD's or short term bonds, neither even close to 3-5% in today's market. Wingfooted mentions buying Apple stock which got me to wondering about something I've considered doing before but haven't chosen to since I'm a simple longer term investor. The idea is just finding an index that has a recent history of a strong rise (VMVAX is one I own now for example), buy into it and then put a stop order on it such that if it drops 2% (pick your own number), it automatically sells. Certainly wouldn't guarantee 3-5% but would at least have a shot at it while limiting risk.
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Old 05-23-2015, 09:05 AM   #14
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Not at all
Yea, I thought it was about mustaches, too.
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Old 05-23-2015, 08:31 PM   #15
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So, am I the only one that thought this thread was about something else?
I always kept my stash in a cigar box under the coffee table next to my album covers.

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Old 05-23-2015, 09:23 PM   #16
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Old 05-23-2015, 10:00 PM   #17
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Hold the cash and get a little more aggressive in your 401k. I am in the same boat as you, so I use a self directed brokerage 401k and bought 300k of blue chip dividend stocks averaging 3.5% yield. I hold the cash as a hedge against a big market correction.
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Old 05-24-2015, 07:56 AM   #18
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63 yr old to retire in 2 weeks . Have 1.2 mil in 401k/sep ira, and need ideas on where to put 300 thousand extra savings cash for safety and 3-5% growth for 12 months. Ny thoughts?
There is no such thing as a free lunch.

Why 12 months? Are you going to need the money over the next 12 months?

If you want safety and your time horizon is only 12 months then the best you can hope for is about 1% or perhaps a bit less.

If you need 3-5% growth but can take on some risk, then Wellesley might be a good choice.
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Old 05-25-2015, 04:37 PM   #19
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Would you need the entire 300K in 12 months? If so, a 1 year CD is about your only risk free choice. As many have indicated forget 3-5% gains. Can you split the 300K? Maybe half in a CD, the other half in fund like Vanguard Retirement Income; the fund has averaged over 5% over the past 10 years. It is comprised of 70% fixed income, 30% stock funds. Far from zero risk though. THere's no free lunch here.
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Old 05-25-2015, 06:21 PM   #20
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So, am I the only one that thought this thread was about something else?
Sorry to change subject of board. I'm a newbie and finding my way on this retirement site.
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