What to do with $50,000 now
Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.
Buy an immediate annuity
If you're looking for a guaranteed stream of income in retirement, put a portion of your money into one of these. Do so in chunks -- say, adding $50,000 a year for several years -- and you won't risk locking yourself in when interest rates and payouts are at their lowest.
NEXT: Get a tax break
Last updated October 18 2010: 12:00 PM ET
