What to do with $50,000 now

Low interest rates and the recent stock market surge make this a challenging time to find the best places for your extra cash.

9 of 10
BACKNEXT
Give a gift that pays you back
Give a gift that pays you back
Retired with a sizable portfolio? A charitable gift annuity gives you income plus a tax deduction -- and lets you help a worthy cause. You put a hefty sum into an annuity run by the charity (call your favorite for details). Take the deduction right away and collect the income until your death, at which point the charity gets the principal. Your interest rate depends on your age. For example, New YorkPresbyterian Hospital pays a 65-year-old 5.3%; a 75-year-old, 6.3%.

NEXT: Rebalance your portfolio without selling a thing
Last updated October 21 2009: 11:03 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Danger zones: Common threats to your home
Danger zones: Common threats to your home
The 10 most common hidden causes of fire, flood and water damage and what you can do to lessen or eliminate those everyday threats. More
Successful baby-boomer entrepreneurs
Successful baby-boomer entrepreneurs
See how 10 baby-boomer entrepreneurs reignited their careers by going into business for themselves. More
How big is our big deficit?
A contentious debate in D.C. is how to tame the ballooning budget deficit. What measures -- spending cuts, tax hikes -- are needed? Money magazine looks at how we got here and how big our debt really is. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .