I am retired and 73 years old, where can you park

[drray23]

2. There are plently of guaranteed investments returning way more than 0.3 %

If you have significant retirements funds, I recommend you talk to an advisor to figure it out. Doing it yourself will lead to disaster. In some instances, you can talk to an advisor where you 401K is parked for little to no cost.

Stocks are relatively safe if the portfolio is designed to be diversified and with a mix of stuff that gives you dividends and some other that is more high yield. Any advisor worth his or her salt can do that.

Obviously, as you are retired, they will probably suggest that most of your assets be parked in stuff with guaranteed returns (typically around 3 percent if you park it for several years) and some in a money marker (for 1 year of expense ). As it goes, the guaranteed stuff gets sold and replenish the money market for day to day.