Where To Deposit 50k Life Insurance Check To Gain Max Interest?
Posted November 30, 2009 – 4:20 am in: structured settlements FAQRecieved 50k check from life insurance,unsure what to invest in,until then whats the best place to deposit in to gain max interest?credit union,bank,emigrant direct,?I’m open to any suggestions.Thank You
Tags: Check, Deposit, Gain, Insurance, Interest, Life, Where
2 Comments
Invest it in the market right now. The market is low, so everything is cheap. Plus, stocks are taxed as dividends or capital gains which are at a far lower taxation rate than interest, which is taxed as income. Find something safe that pays a good dividend…that’s the best you can do with it.
Right now, why don’t you just take out a certificate of deposit for six months, and look at the issue in six months?
Assuming you’re debt free, right now. If you have any debt, paying that off, is a guaranteed (insert your interest rate here) return.