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eatin_gushers t1_j2dc8i4 wrote

Reply to comment by lost_girl_2019 in $50 isn't much, but I want to start somewhere. by lost_girl_2019

Hey just fyi this probably isn’t enough information for most people here. For me, if your husband is also working and you guys can pay all of your bills and you have already contributed to your tax-advantaged retirement accounts, go do it.

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lost_girl_2019 OP t1_j2demmb wrote

My husband is retired. He's in his mid-60's. He has a retirement account but is no longer contributing to it. I do not have one. I would like to start one, though, which is why I'm needing some guidance. I'm trying to provide as much info as I can while still maintaining some degree of anonymity on the internet. What other information do you guys need? I'll see what I can answer!

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Mountainhollerforeva t1_j2di6x5 wrote

I would try to open a managed retirement account or 401k type account through your primary job. Most jobs offer you matching of some sort. As for me I have most of my money in HYSAs at the moment. Around 3.8% apy. For awhile now that’s looked more attractive than letting it to the whims of the current market. I also bought some us government I bonds while they were paying 9.62% apy. I don’t know if that was a good idea yet or not because they won’t mature til the fall. They’re still paying around 7% because they’re indexed to inflation, so slightly better than hysas

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