I recently received an inheritance from my brother's insurance policies and want to "consider" doing several things:
1. Establish a acct (of some type) for my (2) grandsons; ages 1-yr old and 8-yrs old. Want it to accumulate some type of interest until they are of age to withdrasw it. Was looking at the UMTA/UGMA as an example.
2. For me, start up some type of IRA acct. I am a federal Govt employee, Age 56 (soon 57). And "planning" to retire the next 2-yrs. What's the better deal for me?
3. I also have an existing Thrfit Savings Plan through my employer and putting in 5% which is matched!! yeah! should I prepare to do a "Catch-up" near the end of the year?
4. Other money making ways I can place my money to accvumulate good interests for my age, I am currently in GOOD HEALTH too.