But let's give Perez credit for creativity too. It works really well. But it's not the only way by far. I do not recommend specific investments and this is not a recommendation for TIAA-CREF, although the company is very reputable and their funds have performed well. I bring it up to prove you don't need a lot of money to invest, even in an annuity.
Transactions are secure and there's no extra charge for the service.
Historically, savings bonds have not been very exciting investments, but today the Series I or inflation-indexed bond is paying a rather handsome 6.98 percent interest rate for six months if you buy by April 30. I bond one of the most attractive and affordable conservative investments around. I don't have the space to go into all the details today but will do so next week. Personal finance columnist Humberto Cruz has been called everything from RoboSaver to tightwad. Let us hear from you.