The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees


Subject:  Re: Poll: Your parents...Foolish or not? Date:  8/28/2003  11:26 AM
Author:  cattleman22 Number:  583 of 5245

{{I voted for good/bad. Basically, they were really good about saving and LBYM, but not too Foolish at investing. MMAs and CDs were about it when I was growing up.}}

are MMA's and CD's automatically not a Foolish way to save? I know that both of my sets of grandparents saved money in CD's and were able to have enough for retirement and pay for much of their nursing homes. Though I know they did wind up using government money to pay for medical bills.
I know my wife's grandparents had a decent pension and supplement their pension by the interest earned off of CD's. That has allowed them to not retire early as I want but at least to retire comfortably.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us