I've got some cash that is just sitting in a savings account? What should I do with it?

I am not a big risk taker, and this is not a lot of money, but I want to start saving for retirement, kids, etc.

What are my best options? CD's, money market accounts, mutual funds?

I shouldn't need the money for several years, any suggestions will be appreciated.

Well, if you think you need it in several years, then, you can't put in retirement accont, you don't want to pay the penalty. But if you don't have a retirement account, you really should start it. How about putting 2/1 for the retirement, 1/4 for the kids and 1/4 for your later use.

When you put the money in appropriate accounts, you can just buy a short term CD or something for now until you decide what kind of investments you want to do. Because if you are still young, you should be aggressive, but if you are in your 40s or 50s, you may want to invest less aggressive.

First thing is first. Divide your money and start saving for thoese things. You can always talk to the financial advisor. Kids can get a financial aid and other loans when they go to school, but you can't do that when you retire. Save your money.

I'll take it!

Savings accounts are the worst possible places to leave your hard earned money sitting, you should invest it in something with high interest return, low risk, and tax free.

Let me know if you're interested in my suggestion, I would love to help you out. More people need to know about this, not just rich people.

well,you can put it in a profit account where we get additonal money if we keep aur money in those accounts for a certain time.i dont know much abt it but i reckon u should consult a financial adviser if u r serios

Very Smart! Mutual funds! Our country would have to go down the tubes for them to loose. CD's are a joke. Very low interest rate. Savings Bonds and Money Market are long term and if you withdraw early you get penalized.