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An 82 year old relative of mine needs to raise some money. He can either cash in bonds, CDs, or money market accounts. Unfortunately, he can't tell me much about what kind of "bonds" or money markets accounts, etc.

Is there a general rule about which would be the best to liquidate? If not, what does he need to find out - which would deprive him of the greatest possible profit, which would carry the worst penalty, or something else?

Any insight would be appreciated.

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