Some useful things to know for your financial well being:
https://amac.us/blog/finance/do-you-know-the-definition-of-fiduciary/
https://amac.us/blog/finance/do-you-know-the-definition-of-fiduciary/
Oh boy! We finally got a financial forum!Some useful things to know for your financial well being:
https://amac.us/blog/finance/do-you-know-the-definition-of-fiduciary/
The moderator is going to have her hands full rounding up the threads that need to go in here, starting with these...Oh boy! We finally got a financial forum!
Well, give em some time, it's a brand new forumThe moderator is going to have her hands full rounding up the threads that need to go in here, starting with these...
https://www.homesteadingforum.org/threads/investing-outside-the-box-for-safe-profits.18307/
https://www.homesteadingforum.org/t...sive-takeover-what-investment-strategy.11968/
https://www.homesteadingforum.org/threads/preppers-should-invest-in-coffee.521/
https://www.homesteadingforum.org/t...ies-and-what-is-your-weekly-spend-on-it.4724/
https://www.homesteadingforum.org/t...t-bought-a-couple-grand-worth-of-silver.3653/
NopeThe moderator is going to have her hands full rounding up the threads that need to go in here, starting with these...
https://www.homesteadingforum.org/threads/investing-outside-the-box-for-safe-profits.18307/
https://www.homesteadingforum.org/t...sive-takeover-what-investment-strategy.11968/
https://www.homesteadingforum.org/threads/preppers-should-invest-in-coffee.521/
https://www.homesteadingforum.org/t...ies-and-what-is-your-weekly-spend-on-it.4724/
https://www.homesteadingforum.org/t...t-bought-a-couple-grand-worth-of-silver.3653/
If you don't need it to generate income for you and need instant access to it, one thing you might consider is a FDIC insured savings account at a local name-brand bank.My first question concerning money....
we are hopefully getting a chunk of money (more than I have ever made in a year as a motorcycle or car mechanic) but not mega millions. it should be as a inheritance so hopefully no big tax hits.
Since we are in our 70's and fully aware the economic house of cards that is our national and world wide current situation could collapse or devalue or hyper inflate at any time....
Any ideas to preserve some of the windfall for emergencys or inability to work in the immediate 5 to 10 years. Having liquidity and not having to take a giant hit to get the money. ...
So any neat ideas that we should consider...
Thanks for the quick answers to my question.
Anybody else worried about bank failures.
So just for disscusion putting money in a standard large bank which is insured by FDIC which only has 2% or less of the amount covered available to cover losses is a better idea than putting money in a local savings and loan that has private insurance thru their nationwide organization which can cover a larger per centage of losses.
I received some money 15 years ago and put it into the nice, convenient local bank, free checking low interest. Switched it to a 7 month cd and made so much more in 7 months than I did in all those years combined. Currently repeating short term cd. I can access it if I need to and would just lose some interest.If you don't need it to generate income for you and need instant access to it, one thing you might consider is a FDIC insured savings account at a local name-brand bank.
They have some accounts that let you write a few checks per month.
Almost every 'safe' option (like cash and PM's) won't be easy to "use" instantly, like for a large unexpected medical bill.![]()
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