2007-02-25 06:04:14 · 4 answers · asked by www.butterflynewstravel.com 2 in Business & Finance ➔ Taxes ➔ United States
A Certificate of Deposit that yields interest.
2007-02-25 06:16:20 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Nothing unless you already have 6 months worth of income in the bank as a hedge against unexpected emergencies such as job loss, car repairs, etc. If you don't have that 6 months worth of income salted away, put it in the bank and hang on to it.
If you have that 6 months income in the bank, open a Roth IRA and put the first $4,000 there. You'll be glad you did when you retire. Most folks don't "plan to fail" but most "fail to plan". Don't be in the majority on that!
2007-02-25 06:57:23 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Why not save it, or at least part of it, so when you need money down the line for something, you'll have it.
2007-02-25 06:20:57 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
buy Hollister, they have cute stuff
2007-02-25 07:57:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋