written by reader Safe Investing of Money Sitting in a Bank Account and Collecting ZIP!

by mzlederock | June 24, 2014 10:41 pm

I am a recent beneficiary of an traditional IRA invested in stocks with Fidelity[1]. I am retired with a mid sized pension and want to relocate and buy a house, but didn’t take out all the money at once in order to avoid being hit with what I see as large and unfair taxes. I took out a portion at the end of 2013 and will do so again at the end of 2014, hoping to buy in 2015.
The cash I took out is presently stagnating in my savings account. I don’t believe I can afford to lose any of this money but do believe that I can make some kind of investment which has minimal risk. I really know very little about the various markets and investing, but would greatly appreciate some advice on how I can safely do a little better than the current interest bank rates.
Any ideas/suggestions?

Endnotes:
  1. Fidelity: https://www.stockgumshoe.com/tag/fidelity/

Source URL: https://www.stockgumshoe.com/2014/06/microblog-safe-investing-of-money-sitting-in-a-bank-account-and-collecting-zip/


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