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>

https://www.theglobeandmail.com/investing/markets/stocks/ALA...

https://www.theglobeandmail.com/investing/markets/stocks/ENB...

https://www.theglobeandmail.com/investing/markets/stocks/LB-...

Note: I keep cash here until I find a better place for it.
https://www.theglobeandmail.com/investing/markets/stocks/XDV...

https://www.theglobeandmail.com/investing/markets/stocks/CM-...

https://www.theglobeandmail.com/investing/markets/stocks/BNS...

https://www.theglobeandmail.com/investing/markets/stocks/IPL...

https://www.theglobeandmail.com/investing/markets/stocks/TRP...
Print the post  

Announcements

This is a Politics Free Board
Politically charged posts are not permitted on the Metar Board. If you make a political post, and it is alerted, the post will be removed. Thanks!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.