Mid 50s how to best invest $1.2m

[Anonymous]

Looking for very low risk alternative to cd and treasury. No stock. Does Fidelity have a deal for fixed return with $1m investment? Tia

[Anonymous]

Why are you looking for alternatives to Treasuries? Vanguard’s treasury money market is paying over 4%. Guess you could look into MYGAs, but those are very close to CDs

[Anonymous]

Schwab MMA is paying 4.5%. We have about $450K in there right now. Also mid 50s/60.

[Anonymous]

Anonymous wrote:Schwab MMA is paying 4.5%. We have about $450K in there right now. Also mid 50s/60.

after fee is it better than treasuries?

[Anonymous]

Buy ULTY

[Anonymous]

Ask fidelity.

[Anonymous]

Treasuries are the best bet given your criteria. No risk, yield 4%+, and interest is exempt from state income taxes. You're not going to find anything safer with that kind of yield.

[Anonymous]

Anonymous wrote:Schwab MMA is paying 4.5%. We have about $450K in there right now. Also mid 50s/60.

All these MM rates are going to come down. They will drop as soon as the Fed cuts the overnight discount rate. Most commentators think 1-2 cuts this year.

Better lock in either CDs or Treasuries now to get some term. I watch this closely and it’s pretty much a wash between CDs/treasuries right now as far as yields go. But, treasuries are more liquid/transparent if you want to sell before maturity.