I'm getting ready to retire. I'll have enough to live on with pension starting four months after my last paycheck, and SS starting a year later. I have about $200,000 that I need to find a low-risk place for. Right now it's been sitting in a checking account for two years earning nothing (which means I'm losing money, I know ) I'd like to at least keep up with inflation. I don't think I can leave it in my local bank, which I love, because both my DH and I are worried about the federally insured limits. I'd like it to be available in case we need it to move, if our living situation deteriorates, but it doesn't have to be available for at least a year. I'm in northern California.
I don't trust Wells Fargo, or Bank of America. Is there a bank that anyone trusts for that kind of money (a lot of for us!)? Or another option?
I don't trust Wells Fargo, or Bank of America. Is there a bank that anyone trusts for that kind of money (a lot of for us!)? Or another option?