[Lavender]

Hi! Recently lost our son and gained 200k from insurance. After paying all debts, we currently have 40k at 6% and 110k for 3.7% HYSA Cap One.

We dont plan to use the money for the next 12 months and hoping we can have another child.

I am looking into putting the 110k in 4.35% CD at Fidelity. Not too much growth but conservative at this point. What are your thoughts?

Are there better options regarding our situation?

Am I missing anything?

Thank you so much in advance!

[Robert]

Like all the other posters, I’m very sorry for your loss. If it were me; I would look into using 150 K to make a down payment on a residential real estate property – either duplex, a triplex or a four Plex.

I would not concern myself (overly) with immediate cash flow; but rather the stream of income that can be yours over the course of decades; and once that thing is paid off; you and your future heirs have a stream of income that you cannot outlive.

Find the right property in the right area; get yourself a killer property manager; and you are on your way.

[Joe]

I’m sorry for your loss. We’ve been there. It doesn’t get better, but it does get easier to deal with so in that sense- it does get better.

We had a settlement as well and bought a bunch of CDs until we got our bearings of what that money needed to do.

If you are 12 months out, a CD makes great sense. Maybe a couple of laddered ones of varying dollar amounts, etc.

You will pick up the interest and need to pay the taxes on it so keep that in mind.

[Mark]

stock market is a bit shaky, some good value buys if the cash is not needed for several years..

[Corey]

Very sorry for your loss. Without knowing your age or your expenses I might not be able to give you great advice here.

It sounds like the $40k might be accessible and guaranteed, like a CD or an annuity?

I’d keep 6 months worth of expenses in the HYSA and the rest I’d invest.

Keep it simple 60-70% in growth ETF’s based on the S&P and the rest in growth/income oh and start a Roth if you haven’t already.

I’m assuming you’re under 40 with these suggestions. If over 40 go a little lower with the % in growth.

[Author]

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