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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

Our post has sold a house which we have owned for some time. We are about to get a cash settlement for the whole price. How can we put that money to good use with a reasonable degree of safety but with a small amount of return? – William

Answer:

We would agree with your thought: safety first. With that in mind, something like a certificate of deposit (CD) ladder may make sense. Here’s how it might work: divide the available funds into quarters and invest it equally in four CDs with maturities of one, two, three and four years. The CDs would pay interest on a periodic basis, and as a CD matures, you would buy a new four-year CD. Not fancy, but safe.