michael1981
New member
@srla That's a lot sitting in a savings account, as others mentioned you may want to use it to invest - I'm personally wary of rental investments, but others are diving into that. You could pay down your mortgage and you'd get a higher return of 3.75% vs. 1% you're currently receiving from your savings account. Other types of investments like stocks tend to return more than either of those options but have higher risks, you'll typically want to hold at least 3-6 months of emergency funds. And with the stocks you could invest it in 401k, IRA, or taxable brokerage accounts.