Low interest rates and the recent stock market surge make this a challenging time to find the best places for your extra cash.
Real estate prices in many areas coveted by retirees have plunged by as much as 50% from the peak -- but nationally, prices are expected to start reviving next year. Plus, mortgage rates are near historic lows. So if you're considering a purchase, now's the time. Your $50,000 is enough for a 20% down payment on the typical three-bedroom house in Palm Springs, for example.
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