What is your advice on the best interest for 30 to fifty thousand dollars. Annuities seem to problematic...any suggestions? This has to last my lifetime.
What is the best interest earning account to put money in?
This all depends on which type of interest you are looking for. Some investments provide aggresive capital growth and potentially pay out dividends, and a lump sum at the time of maturity. However, other investments provide you with semi-annual, or monthly income (interest paid). If you are looking for growth, invest in an equity fund. If you are looking for interest income, invest in some type of bond fund. Such as a government issued bond, or a corporation fund. I would advise you to seek the help of a certifed financial planner though.
Hope this helps.
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