The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees

URL:  http://boards.fool.com/are-mmas-and-cds-automatically-not-a-foolish-19514609.aspx

Subject:  Re: Poll: Your parents...Foolish or not? Date:  8/28/2003  1:17 PM
Author:  agg97 Number:  587 of 5069

are MMA's and CD's automatically not a Foolish way to save?

Well, they're in their late 50s now. My dad got laid off last December and they still don't have enough to comfortably retire. If they had been more Foolish, they would be on easy street right now.

MMA's and CD's have their place in a portfolio, but IMHO not a key factor in long-term savings.

-Agg97
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us