No. of Recommendations: 0
Assume for purposes of this question that you are retired, on a fixed income, and that early withdrawal will result in a penalty equal to 6 months interest.


100% (1 Vote )
I would never tie any cash up for 5 yrs (explain)

None of this applies to me as I keep both wife's and my vast fortunes (by our standards) in nothing (one small exception) but solid dividend payers (minimum 4.5% some significantly higher) in mostly tax free accounts (as space comes available). So far I've had no reason to withdraw any of the money as we have no debt and live comfortably on our federal government pensions. If anything the extra cash builds up in the accounts far faster than I can find tax free room ... so wife gifted a very nice check to a family member in need and we are thinking of doing an extra winter trip to Portugal early next year?

Anymouse <no US holdings at all>

Note: I keep cash here until I find a better place for it.
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