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JOHNNIE36 · 07-02-2009, 11:19 AM

km4hr, so far so good heh? You mentioned in your post, that you haven't given her any advice about investing (ie growing the money). Do you really think she is interested in making the money grow? Why? At this point in her life, she should only be interested in protecting her nest egg and take the best interest rate she can get with maximum safety. I say shop around for the best CD rates at local banks in small towns. Funds are now protected up to $250k through 2013. That permits four CD's at different banks and takes care of $1m. I recently bought (2) 4 year CD's at 4.75%. Look at bankrate.com but don't use that as gospel as they don't post the best rates, just the rates banks pay them to post.

07-02-2009, 11:19 AM	#7
JOHNNIE36 Recycles dryer sheets Join Date: Oct 2008 Location: Riverview Posts: 459	km4hr, so far so good heh? You mentioned in your post, that you haven't given her any advice about investing (ie growing the money). Do you really think she is interested in making the money grow? Why? At this point in her life, she should only be interested in protecting her nest egg and take the best interest rate she can get with maximum safety. I say shop around for the best CD rates at local banks in small towns. Funds are now protected up to $250k through 2013. That permits four CD's at different banks and takes care of $1m. I recently bought (2) 4 year CD's at 4.75%. Look at bankrate.com but don't use that as gospel as they don't post the best rates, just the rates banks pay them to post.