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<<<I'm so accustomed to the comfort of conservative if not exciting TIAA that the idea of placing my whole pension in a lot of different banks I don't know (even if FIDC insured) makes me nervous. Any thoughts?>>>

Don't know much about TIAA, but here's my thoughts on CDs. I personally avoid CDs for two reasons: #1--a good money market fund (MMF) can get you just as high if not higher returns, #2--CDs aren't liquid, if you need to cash out you generally loose interest where a MMF is more like an interest bearing checking account.

I know, people will argue that CDs at banks are FDIC insured, but a respectable brokerage house will carry private insurance.

$0.02

JLC
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