Where to invest?

[LDB]

I've had the same CPA for almost 20 years. He got me through a random audit with zero expense. I'll trust his advice on annuities or anything else. I appreciate the input here as it is giving me several good things to think about and to discuss with him. It is very helpful. Thanks.

 

[doitmyself]

Just notes of an inexperienced investment layperson:

- We just had a thread about high-yield savings accounts. Google it to find current rates at about 5.2%. VERY easy and simple.
- Approach Vanguard, Fidelity, Schwab, with potential to invest $240,000 and they will all give you a free investment session to compare alternatives. The whole picture needs assessment - taxes, etc.. Get second opinions beyond your CPA.
-SC Maintenance is correct about annuities, Dave Ramsey not so much. They require a learning curve. Lots of misinformation out there. Beware. I studied them extensively and experts have come around to suggest they are good for certain circumstances. I annuitized a portion of my TIAA portfolio and am very satisfied with it. The other portion is invested in safer avenues. Cake and eat it too for me near retirement.
- You haven't mentioned Social Security plans.