What Should I do with my money?

I posted this before and got alot of respones on what I should BUY. I am NOT looking to buy, but to SAVE/INVEST. also had a suggestion to post in this part of yahoo answers. I'm getting mone...

I posted this before and got alot of respones on what I should BUY. I am NOT looking to buy, but to SAVE/INVEST. also had a suggestion to post in this part of yahoo answers.
I'm getting money back from a job I was at. the letter said i could have cash or transfer it to like an IRA.
I have a really good savings, I get in intrest of about 110.00 a month in my savings. I am paying alot on a house in June so I can't really take my savings out right now. BUT i'm worried what should I do with the money i'm getting back from the $$ i'm getting back from having a termated employement, it was invested in stocks. It should be 3,000. I was thinking IRA???
Where do i go to find out info? AH What do i do!?!?
I'm 24 and a huge saver so i'm thinking more what to do with money earned after this also. Thanks!
I'm not a huge fan of stocks so I would like to know what else I can do other then stocks? What should I do with the money returned? Thanks again i'm lookin to invest or save it.
Additional Details
also incase your wondering, the wedding is being paid through earnings at job. NOT a dime is being taken out of savings.
I'm looking for a long term investment that I can add to. I'm getting a great intrest on my savings so I'm looking to get something better. Thanks

je_golds	Hi, hope you're doing great! Congratulations on being a saver so early on in life! CD's are a great investment -- if you have 0 risk tolerance or you're about 90yrs old. Generally they are not appropriate for someone your age. Your best shot is going to be starting a Roth IRA. (Individual Retirement Account). The advantages of the Roth are great -- your "interest" grows tax-free. Not "tax-deferred", but tax-free! Also, you can withdraw your original investment with no penalty/taxes in case of emergency. (Your earnings may be taxed/penalized unless you're 59 1/2) Find a mutual fund that suits you. They go from very slight risk to very risky -- there's sure to be one that's appropriate for your risk tolerance. I'm a financial advisor near Houston, drop me a line if you wish: jason.goldsberry@edwardjones.com

molly b	Get an annuity. Low to no risk with great benefits years down the road. You can tweak it to fit your needs and later in life you can have income from it.

Joe	I would roll it over to an IRA. You want to have the trustees directly roll the money over, so that no money is withheld for taxes. I like Vanguard.com, although others may like other companies. You can put it in the Vanguard Prime Money Market Fund, which is a safe investment. Later, you can switch into their stock mutual funds if you like. They have a lot of low expense funds. See the links. https://personal.vanguard.com/us/accounttypes/retirement?Entry=Homeoffer02 https://personal.vanguard.com/us/FundsSnapshot?FundId=0030&FundIntExt=INT

tipper	Personaly I like Certificates of Deposit (CDs). You can get them for different periods of time. From 3 months, 6 months, 1 year and on up. But you can't get the money on short notice or without a penalty. Money Market accounts pay less but you can get the money out anytime. Right now there isn't a very high percentage being paid on anything. If you are a woman and getting married. That money will always be only yours if you don't put it into an account with your boyfriend or new husband. I don't know for sure if that is in all states or not. If you go to different banks they should tell you or give you a list of rates.

Bob S	Because you are paying alot towards a house in June (I assume you are buying a house), I would make sure you are as prepared as possible for that purchase. In today's market, it is best to have good cash reserves, and even better to put as much money down as possible to a purchase. Once that has been done, or is no longer an issue, it is best to put the money into a Roth IRA (a tax free investment), since you have many years before you retire, so it can grow. If you think you will need the money before retirement, simply invest it in a regular brokerage account (an IRA and Roth are more locked in).

Derrek M	I had the same problem as you have. I had a good amount of money, but didn't knew where to invest it. So I looked around for something that gave me a great return towards a low risk. And the only thing I could find was a mannaged account. Here you can follow up my results of every day: http://my-robottrader.blogspot.com/ I'm verry excited because I already have 44% ROI in one month and a half. My moneymannager is giving me great support, and answer all of my questions almost immediatly. Annyway feel free to contact me (adress on my blog) and I'll bring you in direct contact with my money mannager.

Johnny Law III	First of all, I'm no expert. I would recommend any of Dave Ramsey's book for saving/wealth building. That being said, here's my two cents: The actual dollars your making don't really mean much because I don't know how much you have in there. I suggest adding more details so I know what the interest percentage is. Most regular savings accounts have a less than 1% interest rate, so if I were you and wanted some short term saving I would use a money market savings account. They are easily liquidable (you can write from 4-6 checks every six months out of this account which I would use for emergencies) I wouldn't keep any more than $3000 or $4000 dollars in this type of account, unless you're saving up for something that you plan to buy in less than 5 years. For example a new car, or a down payment on a house, etc. Anything that you're going to be saving for 5 years or more, I would invest in mutual funds. The Vanguard S&P 500 index fund has averaged a 12.18% return since its inception in 1976, and that's after its expenses. Obviously 12% is better than 4%. As far as an IRA, I would suggest a Roth IRA. You can put up to $5000 into it a year (the limit goes up $500 every year after 2008) and you can cash it out TAX FREE at age 59 1/2. Theoretically, if you put $500 a month into it with a 12% interest rate, by the time you retire you'll have $3,408,427.64. Good luck.

justin	to much info. i don''t want to read.