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Old 03-30-2023, 08:32 AM
fgaba1949 fgaba1949 is offline
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Default What to do with savings in this environment

Quote:
Originally Posted by dewilson58 View Post
The question is.................assuming you spend ZERO of your SS check, how long will it take for you to reach $250,000 and be over the FDIC limit??

10 years????, then open a joint account and you can go 20 years.

Folks have asked what i would so with nest egg money right now
CDS or ..i would suggest 1 year T Notes ..as nothing is safer
Just saw where Marcus was offering over 5 % for a minimum $500 for 11 months.thats quite a bit for 11 months