Countrywide Savings Account

My father died and we need to put some money in life insurance on a CD, money market or savings before we understand what we are doing with him. Countrywide is 4% on a savings account online jumbo. My mother would POD 4 accounts and one for herself so they would all be FDIC insured. I would be the transfer of interest earned on a bank account every month. Is there a risk with the country?

Firstly, sorry for the loss of your family. May God bless his soul in peace.

As long as you limit under 100K so they are FDIC insured, I see no risk.

But sooner or later, I suggest you consult some financial advisor. You probably want to avoid taxes and invest in a lot better.

If you have this kind of money to invest, I would put him in a more co op commercial real estate investment, such as http://www.trecinvestments.com. I would like to take this buyer's market and buy a fourplex or two rent all units.

Yes, thats good idea Avery