Cash laying around in both a checking and savings account is a bad idea, as it doesn't help combat against inflation and increase in cost of living? And it should go into equities to secure a bigger payout once you retire.
For me, personally, my wife and I have a joint high yield savings account almost amounting to $250k (FDIC insured up to $250k and $500k total with an addition of a single account), and we intend to keep it for the long haul into our retirement.
Thoughts?
Submitted December 22, 2023 at 12:53AM by Ok_Assignment4100 https://ift.tt/ESB6zCv
