No. of Recommendations: 1
The straight party line is the idea of maintaining a five year CD ladder to protect yourself from being forced to sell stocks at the bottom of a bear market.


I'm curious about the logistics of the 5-year CD ladder. Does this mean having 5 CD's that mature each in a different year? And do you keep your annual requirement in each CD so that the money is available each year? I'm not sure how this would work, and would like some explanation.

My brother just retired in January, and I've been helping him with some of his plans, so this might be something for me to suggest to him. And we're not that far from retirement ourselves. As soon as the kids' finish college, which is about 7 years away, we'll be making all preparations to retire as soon as we're comfortable, which might actually be 2 or 3 more years depending on a few external factors like if I can get medical from my employer if I'm here for some number of years or til some age, something I have not yet looked into but is on my To Do list.
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