I agree with Grt2bOutdoors that a U.S. Treasury only money market fund at Vanguard would be an excellent place to park your windfall. This is the link to get started: https://apps.vanguard.com/web/cf/move-money/welcome.Grt2bOutdoors wrote: ↑Tue Jan 14, 2020 11:58 amI agree with the use of a US Treasury only money market fund at Vanguard, I use it myself. Essentially, it owns US Treasury bills, are short term in maturity, pays competitive interest rate to a bank savings account, super liquid. Best part of all - no come on sales pitch by bank staff.
Jack Bogle's Words of Wisdom: "Such reserves (money market funds) should be considered as savings for short-term and emergency needs, not as investment for long-term capital accumulation."