Inherited $50,000, Cautious on Stocks

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Ask an Advisor: I Inherited $50k but I'm Cautious About the Market - Is High-Yield Savings the Way to Go?

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Ask an Advisor: I Inherited $ 50k but I'm Cautious about the market - Is High-Yield Savings the way to go? I'm 64 . I'm leary of investing it in stocks as I took a bath after 9/11 and saw my $ 70,000 401(k) cut in half .

I can understand your concern about both stocks and wanting to be sure a financial institution is legitimate before depositing your money into its products.

SmartAsset ’s free tool matches you with up to three vetted financial advisors who serve your area.

You can interview your advisor matches at no cost to decide which one is right for you.

An emergency fund should be liquid -- in an account that isn't at risk of fluctuation like the stock market.

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