How to invest a $70,000 medical damage settlement
I received a settlement for medical damages and need advice on how to invest. I have very little debt, own my house. $3k auto loan at 0% and $12k at 0% on a fidelity credit card for 18 months for our European cruise. I’m paying that down monthly.
Otherwise my husband and I are living off of social security. I will be getting 2 additional settlements in the near future but don’t know how much.
Terry Says
For starters, just put the money in the bank. Or read this, and buy 6-month Treasury bills:
https://www.terrysavage.com/t-bills-beat-cds-2/
This is a once-in-a lifetime windfall. And at your age, this money belongs safely in the bank or T-bills for whatever emergency comes along. You won’t get rich — but you won’t lose a penny!
