Short and sweet, here are the deets –
$25k in bills checking, no interest
$28k in savings at 1.25% apy
$16k in rent account (checking, no interest, just pays my rent with six months’ leeway if things should go south and I lose my entire income)
$195k annuity account through my union, plus 10 years of vested pension credits
401K is not an option, since I freelance through the union, so pension/annuity contributions are based on contracts and not personal contributions.
I have no kids, no mortgage, no student or car loans. I’d love to get insight about how to better appropriate the liquid assets I have, or what I could safely sock away into a CD or something else? I’m very new to the idea of investing but I also don’t want to shoot myself in the foot if some emergency happens down the line.
I’d appreciate any and all help, or references to material… I’m honestly out of my depth here because I am finally not living paycheck to paycheck, and I feel like I could use the funds not strictly allocated for a better purpose than numbers on a screen. Much of my decision-making has been catastrophe-avoidance, but I feel like I’ve finally reached a point where I *have* that and can count on it, so if I can help my future self out by investing some of the excess now, I’d like to. I just don’t know how.