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Veteran Services: Finance Questions

Finances

You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.

Questions & Answers

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Financial Questions & Answers

Question:

We are octogenarians looking for a safe place to put 40 percent of our life savings, pending the possible need for senior-assisted living. We invested $450,000 with tax-free municipal bonds and are considering additional funds. Any thoughts? – Leo

Answer:

We don’t know enough about you or your financial situation to feel comfortable providing a specific investment recommendation. There are a number of conservative options out there that might warrant consideration for your portfolio. For example, certificates of deposit, fixed annuities, and other (than municipal) bond funds might all work. Consider giving one of our advisors a call at (877) 699-2654. They should be able to gather all the details and provide you with the specific recommendation you seek.