Retiring in 2-3 years - Where should I put my savings?

I am 47 and am planning to retire from the military in the next 2-3 years. Last year I sold my house and still have about $40k left. What would be the best way to invest it to get the highest gain at a low risk?  I already have IRA's but I would like to be able to have some spending money as soon as I retire and not have to wait until I am almost 70.  I hope to be able to pay off or put down a hefty down payment on a retirement home (around $180,000) just before or soon after I retire.


Dear SMkoe,

Congratulations on your upcoming retirement and i also commend you for looking ahead to make a plan! I encourage you to contact our team of Financial Advisors here at USAA who can give you advice based on your specific situation and needs. They can be reached at 800-771-9960.


Thank you for posting and best of luck on your retirement journey!