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advice on low-risk long-term strategy for extra cash?
user
i can think of three things you might do: talk to a fee-only adviser. as the comments suggest, this would only be one or two sessions to lay out what all you have, establish what you want it to do, and write a plan that you are comfortable carrying out yourself. what do your 401k and roth ira look like? if you mean for this money to be long-term, then your retirement portfolio might be a good place to start. i don't currently own them, but one of my personally hobby horses is i-series savings bonds, commonly called i bonds. even in the current low interest rate environment, they are a good deal relative to everything else out there. i summarized this more fully in my answer to another question. you can invest up to $10,000 per ssn per year, and the interest rate is the sum of a fixed rate plus a floating rate based on cpi. currently the fixed rate is 0%, but the floating rate is better than what you can get from most other cash-like instruments.
assistant