Where Should I Put My Money?

[questions]

im not sure what do to with my extra money. i have more than $100,000.++ in cash getting 5% some 4%. 3% i have other money in funds and ira's , but i want to earn as much interstt as possible. im in my late 50's . I dont want to be in risk at this stage of my life. any info you can give me will be much appreciated

[omicron]

You can diversify by putting money into something like Vanguard Targeted Retirement 2015. It becomes more conservative when it nears the targeted date.

All other cash assets can be placed in a MMA at 5.30% APY (like GMAC) if you need it to be extremely liquid. Otherwise, try looking at some CDs.

[disneysteve]

What is this money for? Are you fully funding your 401K or other retirement accounts? Are you adequately diversified? In your late 50's, you still need to have a good portion of your assets in stocks for long term growth. Vanguard's 2015 fund is about 60% stocks which sounds good, but it depends on your other holdings. If you've got stock in other places, you may not want to go that route.

If you are just looking for where to park cash, countrywidebank.com is paying 5.4% on balances over 50K, so that's a good option.