What is the best way to keep cash in safe?
What is the best way to keep cash in safe? Keep any paper cash, currency, and valuable paper records locked in a quality, humidity-controlled, fire-resistant safe. If you have valuables such as paper cash or other important/sensitive documents, you absolutely need to invest in a quality safe with UL-rated security and certified fire protection.
Is it better to keep cash in safe or bank?
However, money for everyday bills is probably safer in a bank account. High-yield savings accounts or certificates of deposit (CD) are good places to park emergency savings and other money you're socking away for a big-ticket item or event.
Can I live off the interest of 250k?
Ideally, you can live off the interest without touching your investment principal. While many investors may not be able to live off the interest from $250,000, it could supplement other sources of retirement income to meet their needs.