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05-22-2015, 12:27 PM
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#1
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Confused about dryer sheets
Join Date: Aug 2014
Location: Orange beach
Posts: 4
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stash ideas
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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05-22-2015, 12:39 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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 Quote:
Originally Posted by Mrain240
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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Santa Klaus Bank?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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05-22-2015, 12:44 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,570
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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%.
Sent from my iPhone using Early Retirement Forum
__________________
You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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05-22-2015, 02:04 PM
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#4
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Recycles dryer sheets
Join Date: Jul 2011
Location: Oregon - Dry Side
Posts: 247
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stash ideas
2200 shares of AAPL - as much as a sure thing as you are going to get in this market.
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05-22-2015, 02:27 PM
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#5
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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One word..."plastics"
(Oh, that was 40 years ago) 
__________________
*********Go Yankees!*********
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05-22-2015, 07:11 PM
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#6
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 337
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05-22-2015, 07:38 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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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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05-22-2015, 11:35 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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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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05-23-2015, 06:21 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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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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05-23-2015, 06:25 AM
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#10
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,716
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So, am I the only one that thought this thread was about something else?
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05-23-2015, 06:36 AM
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#11
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Confused about dryer sheets
Join Date: Mar 2015
Posts: 2
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Purchase nice/new home with cash for $250k. Rent for $1,700+ per month. Profit $17,000+ annually.
Sent from my iPhone using Early Retirement Forum
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05-23-2015, 07:13 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
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Quote:
Originally Posted by MichaelB
So, am I the only one that thought this thread was about something else?
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Not at all 
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05-23-2015, 08:04 AM
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#13
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Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
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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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05-23-2015, 08:05 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Yea, I thought it was about mustaches, too. 
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05-23-2015, 07:31 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Quote:
Originally Posted by MichaelB
So, am I the only one that thought this thread was about something else?
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I always kept my stash in a cigar box under the coffee table next to my album covers.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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05-23-2015, 08:23 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Psssst: Altoids tins...
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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05-23-2015, 09:00 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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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.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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05-24-2015, 06:56 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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Quote:
Originally Posted by Mrain240
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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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.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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05-25-2015, 03:37 PM
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#19
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Recycles dryer sheets
Join Date: Mar 2008
Posts: 153
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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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05-25-2015, 05:21 PM
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#20
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Confused about dryer sheets
Join Date: Aug 2014
Location: Orange beach
Posts: 4
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Quote:
Originally Posted by MichaelB
So, am I the only one that thought this thread was about something else?
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Sorry to change subject of board. I'm a newbie and finding my way on this retirement site.
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