safe deposit box vs savings
If that $50k was legally acquired and he has already paid taxes on it as income, he's retarded for not putting it into a money market or CD. Even at 2% that's $1,000 this year that he'd make on it. And as most of you know, making $1000 > making $0. If he wants to keep it liquid, high yield savings or money market are almost as liquid as cash in the bank -- sometimes more so, because you can actually write a check for something as opposed to paying them in cash -- and he'll still be FDIC insured.
If that cas isn't legit and he hasn't paid taxes on that money, then he might as well spend it now, because its value is only going to decline with inflation. Unless of course we actually enter a period of deflation like some economists have predicted.
h:
Edit -- I'm making 2.1% APY on my Capital One Money Market. It was 5.1% when I opened the account 2 years ago.
If that cas isn't legit and he hasn't paid taxes on that money, then he might as well spend it now, because its value is only going to decline with inflation. Unless of course we actually enter a period of deflation like some economists have predicted.
h:Edit -- I'm making 2.1% APY on my Capital One Money Market. It was 5.1% when I opened the account 2 years ago.


