savings account

I inherited a small amount of money. I used half of it to pay credit card debt. The remainder I want to put in a CD or money market. I this best idea concerning taxes?

thank you for any advice.

Most savings and even CD’s are going to give you very little (especially with the recent drop in interest rates).

By the time you factor in the rate of inflation, you may find you actually come out on the losing end.

Having you considered putting it into a REIT or another low risk investment?