What to do with $10,000 now

Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.

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Put it in an IRA
So what if you and your spouse don't meet the income limits to deduct contributions? You can still pop in $5,000 each to a traditional (non-Roth) individual retirement account this year and watch the money grow tax-deferred.


NEXT: Buy a long-term CD (really!)
Last updated October 18 2010: 11:56 AM ET
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