Q. I am a former government employee who is already retired. I still have an average of $1,000 a month that I am saving from my pension, and I am making minimal interest in the bank with $30,000 in savings. What is a good place to invest this extra money? I do not anticipate needing this money right now, but I would like it available when I do need it.
A. You should keep it in cash or the equivalent — something that is federally insured is best. Bank savings or a certificate of deposit.