My newly acquired wife and I recently came into a little over $120,000. It was a surprise because it came from my wife's uncle who recently passed and assumed would leave the estate to his children. He did leave the house to them, but they are money-grubbing losers who always had their hand out. He was always closer to his niece (my wife, sweet as she is) than he was his own kids. I guess good does go around.
So now I have myself a problem which is good to have. My wife and I plan to move out of state in a year after she finishes her master's degree. We currently rent as we live in SoCal, but want to buy a house when we move. I checked into CDs and money markets, and 3% is the best you can do these days! Doesn't even cover inflation!
What no-risk or very low-risk investments are out there which will let me cash out in a year so I can buy a house? Municipal bonds? Treasuries? Who brokers these things? We are in our late 20s, debt free, cars paid for, and already have plenty invested in our 401Ks and index funds. We will spend $20,000 on a newer car for my wife and some upgrades for my 911
, so that will leave about 100K to invest.
I don't really trust most of the financial planner types I've met...mostly want to sell me on managed funds and whole-life insurance.
Seems weird to ask this on a Porsche board, but I've gotten great ideas about unrelated things before!