Core Insights - The article discusses investment strategies for individuals who have saved more for retirement than needed, emphasizing the importance of maximizing gains while minimizing risks [1][2]. Investment Account Preferences - Individuals should first decide between investing in a taxable account or a tax-sheltered account, as this choice influences the attractiveness of various safe investments [3]. - For those in higher tax brackets, earnings from CDs or high-yield savings accounts will be taxed at ordinary income rates, which can significantly reduce net returns [4]. Tax Considerations - A typical scenario involves individuals being in a 24% federal tax bracket and a 6% state tax bracket, effectively reducing a 5% return to 3.5% after taxes [5]. - To mitigate tax impacts, it is advisable to maximize contributions to tax-sheltered accounts like 401(k)s, especially making catch-up contributions after age 50 [5][6]. Safe Investment Options - High-yield savings accounts are highlighted as one of the safest investment options, offering competitive yields that can outpace inflation [6]. - Traditional savings accounts provide minimal returns, while some high-yield savings accounts can offer rates close to 5%, with FDIC insurance up to $250,000 per beneficiary [7].