Frugalista seeking Wisdom

[shoe]

Hi all! I am a 50+ year old SAH wife and mother and I have been in charge of the family finances since my DH and I married. While early on we did not always make wise choices, we now have a paid for house, and a COLAd pension of $4000 a month. We have fully paid for the education of two of our kids and have two more years to pay for the third. Currently we contribute to a 403b that is offered by my husbands second career where we also recieve partially covered medical insurance. Everything is comfortable right now but I am well aware that little in this life goes as planned. I am currently saving like mad to fund an account to pay for worst case scenario medical bills. I have this money in ING at the moment since we could possibly need it as soon as January 2010. If anyone would care to comment on a better place for this money I would appreciate it. I have learned so much from you all. TIA

 

[Moemg]

Welcome to the forum . Lots of good advice will be coming your way .

 

[Salaryman]

I have this money in ING at the moment since we could possibly need it as soon as January 2010. \

Tia, you may be better served if you kept the money in ING or other interest bearing cash funds if you'll need it shortly.
If you have longer time frame to invest the money (5+ years in my book) places like Vanguard will have good, inexpensive tools to put the money in the market of your choice/need.

All the best.

Salaryman

 

[Rambler]

I second Salaryman's motion.

R