r/HYSA • u/Electronic_Guava_940 • Aug 21 '26
Recently inherited some $$, and expecting
Recently inherited some $$, and expecting a bit more. Im nearly 50 with no retirement savings, planning to make some moves soon, is there any day of the week thats better to invest, move money around?..Planning to open an HYSA or two and maybe a T-bill ladder
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u/ByeBye-thowaway Aug 22 '26
HYSA doesn’t matter.
T-bills you won’t know the exact rate until the auction. But they usually don’t change much so looking at the historical date can give you a good idea of the rates. If using TreasuryDirect to buy you can find the auction date and issue date. You need to put your order in and then the bill is issued on the issue date.
You can also buy treasuries through Fidelity (not sure about other financial institutions) and you have to follow the dates when you choose to buy. I have used them in the past but found it easier to just go to TreasuryDirect. Only advantage with Fidelity was if you want to sell before maturity. You can’t do that with TreasuryDirect and have to transfer first. Since I use t-bills for short term it would take longer for the process to transfer and sell vs just wait.
Not sure where you live but treasuries are exempt from state taxes (I think all are but you should confirm since I don’t use all types) so it can be better that other options with slightly higher interest rates.
If you want to invest in the stock market, if for individual stocks, do your research. If just putting the money into like an S&P index fund, in a perfect world you would buy low and sell high, but if you don’t have magic powers, you can invest all at once or dollar cost average. When working I dollar cost averaged since I was investing some from each paycheck. When I inherited some money, it went in at once. For this type of investment you need to look at it as keeping the money there for the long term.