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|Subject: Re: Low CD RAtes||Date: 4/14/2008 10:24 PM|
|Author: lethean||Number: 12848 of 20240|
This article and followup discussion was recently posted on the Vanguard diehard forum. The product sounds similar to the one you describe.
I'd ignore the product, and I'd dismiss the advisor who suggested it.
Rates are low. That's widely known. So you shouldn't need to provide an explanation to family members as to why your mothers income decreased.
However, if you try to reach for yield in this low interest rate environment and take on unknown risks, you may find yourself in a situation where you WILL need to provide an explanation to other interested parties - as to what exactly went wrong.
Good luck. And I hope the link above is helpful to you.
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