Where’s The Best Place to Stash Short-Term Savings?

Dr. Preston Cherry

I’m holding $300,000 in cash that I plan to put into a new home. With the market as it is, I’m putting off that purchase for six to nine months. I’m 66 years old, single and plan to retire within the next 12 months. What should I do with the cash until I purchase?

-Judi

When it comes to determining where to house your short-term savings, factors to consider include risk, access, goals and what will give you peace of mind.

These factors are going to determine where you…

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