The 50 thousand dollar question

[jpg7n16]

Its just extra money, no real plans. We should only need 20k in emergency money. I did have this money in an American Funds account, until I found out how terrible that company is with fees, and just terrible in general. We would like it to make just a little more money for us without big swings.

If you have no plans for the money, and won't use it for anything, why are you concerned about the swings of the market?

I would think that if you didn't really need the extra funds, you could just invest it as aggressively as is reasonable for your risk tolerance, leave it alone and let it do its thing.

[Slug]

Look into the Ally 5 year CD. No risk and very small penalty if pulled early. Good customer service.

[Spiffster]

What are your plans for the money? That will have a huge impact on what you should do with it.

Its just extra money, no real plans. We should only need 20k in emergency money. I did have this money in an American Funds account, until I found out how terrible that company is with fees, and just terrible in general. We would like it to make just a little more money for us without big swings.

[bjl584]

I have about 70k sitting in my credit union checking account, collecting 0.95%. Obviously this money can do better than <1%. What is my best option that allows this cash to remain somewhat accessible but work harder for me... at MINIMAL RISK. We put enough on the line with our Roth and 401k, which are maxed for both my wife and I. Thanks!

What are your plans for the money? That will have a huge impact on what you should do with it.

[Spiffster]

You could ladder some CD's or TIPS.

Thanks for the quick response. Not sure what TIPS are though. Any resource you would suggest for learning the whole CD ladder method? Sounds only vaguely familiar. Thanks again!

[Naples09]

I have about 70k sitting in my credit union checking account, collecting 0.95%. Obviously this money can do better than <1%. What is my best option that allows this cash to remain somewhat accessible but work harder for me... at MINIMAL RISK. We put enough on the line with our Roth and 401k, which are maxed for both my wife and I. Thanks!

You could ladder some CD's or TIPS.

[Spiffster]

I have about 70k sitting in my credit union checking account, collecting 0.95%. Obviously this money can do better than <1%. What is my best option that allows this cash to remain somewhat accessible but work harder for me... at MINIMAL RISK. We put enough on the line with our Roth and 401k, which are maxed for both my wife and I. Thanks!