I am starting to build a plan for funding my ER that will start by the end of 2013. I currently have about $100,000 that is in 5% CDs maturing this month. I will need this money in approx. two years for living expenses. I checked PenFed this morning and see that a two year CD is paying only .99% APY.
I am considering dumping this money into Vanguard Short-Term Bond Index Fund instead of renewing into CDs. Any opinions on this?
If you have other suggestions on where to park the money that would be relatively safe please speak out.
I am considering dumping this money into Vanguard Short-Term Bond Index Fund instead of renewing into CDs. Any opinions on this?
If you have other suggestions on where to park the money that would be relatively safe please speak out.