I'm 64 With a $50k Inheritance. Is High-Yield Savings a Safer Option After a Market Loss?

I’m 64. I just inherited $50,000. I’m leary of investing it in stocks as I took a bath after 9/11 and saw my $70,000 401(k) cut in half. I have been looking at high-interest savings in digital banks such as CIT bank. But I am concerned about their legitimacy.  -James I can understand your concern about both stocks and wanting to be sure a financial institution is legitimate before depositing your money into its products. Fortunately, there are some pretty straightforward ways to check. Keep in mind: While ...