Given that the best savings / MMA accounts are netting at most 1.10%, and inflation has swung between ~1% and 3% over the past 10 years, you're likely losing money with a savings account.
Better to dump it in a major index fund or bonds if you're feeling cautious.
Most people with substantial incomes realize this and do this anyway. I wonder if investment portfolios were included when they asked about "savings" accounts?
Better to dump it in a major index fund or bonds if you're feeling cautious.
Most people with substantial incomes realize this and do this anyway. I wonder if investment portfolios were included when they asked about "savings" accounts?