EPISODE · Oct 25, 2024 · 10 MIN
How Can You Earn Better Yield on Your Savings?
from Money Wisdom
In a world where financial stability is paramount, many individuals are seeking ways to make their savings work harder without compromising on safety and liquidity. That's why we want to tackle today from someone trying to generate greater yield: how can I earn more interest on $120,000 sitting in a bank account while maintaining safety and liquidity? Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® join the Money Wisdom podcast to discuss various options, such as money market funds, short-term CDs, and fixed annuities, and emphasize the importance of aligning financial decisions with personal goals and overarching plans. Here's what we discuss in this episode: 0:00 – Intro 1:20 – Today's question 2:30 – The why 3:22 – Goals for this money 4:55 – What options do you have? 7:06 – Tax considerations Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Watch the show on YouTube:
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How Can You Earn Better Yield on Your Savings?
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