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ginnyinWI

(17,276 posts)
2. put it into a high-yield savings account
Wed Mar 22, 2017, 02:22 PM
Mar 2017

Like Syncrony Bank. Interest rate is currently 1.05% right now. FDIC insured. Save it to put down on your house.

Want more opinions? Go to bogleheads.org and ask them. It's a financial/investing forum.

Yikes, So difficult to give a correct answer. There is none. pangaia Mar 2017 #1
Thanks! yeah, I am looking for SAFE right now, to wait this out. Lisa0825 Mar 2017 #3
put it into a high-yield savings account ginnyinWI Mar 2017 #2
Thank you! I will look up Syncrony! Lisa0825 Mar 2017 #4
ALWAYS CONSIDER THE RATE OF INFLATION bresue May 2017 #19
You will also pay tax on gains. BSdetect Jun 2017 #20
The OP's account was an IRA, so taxation of capital gains, dividends and interest isn't an issue. A HERETIC I AM Jun 2017 #21
Index funds with low fees seem to be the way to go. Nitram Mar 2017 #5
Here's the one I am looking at now: Vanguard Total Bond Market Index Fund ETF Lisa0825 Mar 2017 #6
All our mutual fund investments are with Vanguard. they are reliable. Nitram Mar 2017 #7
Personally, I would avoid bond funds right now..... lastlib Mar 2017 #12
What would be your suggestion for something safe to put it in? Lisa0825 Mar 2017 #13
Not a lot of really likeable options in the current environment, I'm afraid... lastlib Mar 2017 #16
Thanks for the suggestions! Lisa0825 Mar 2017 #17
Both the Class "A" and "C" shares of the fund you mention have a $1,000 minimum purchase A HERETIC I AM Mar 2017 #18
If you are looking to buy a house in two years, PoindexterOglethorpe Mar 2017 #8
That particular account is a rollover IRA from a previous job's retirement. Lisa0825 Mar 2017 #9
Yes, that's right. PoindexterOglethorpe Mar 2017 #10
Great advice, thank you! Lisa0825 Mar 2017 #11
You have numerous choices. A HERETIC I AM Mar 2017 #14
Thank you for the input! Lisa0825 Mar 2017 #15
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