Re: Being "Early Retired" Means........
For the past couple of days being ERed has meant looking for a place to park a big pile of cash. Has to be
liquid. I've been moving it all around to banks
pitching promo rates for about 2 years now. So far,
I have rarely taken less than 3%, and after a lot of computer and phone time I find I can still get it today.
The downside is this typically lasts only a few months
and then you have to shop again. Also, each bank has
different rules on checkwriting, minimum balances,
penalties if you close the account before a certain time.
The point is that with a lot of work I've kept the 3%
alive and the cash totally liquid (and FDIC insured).
That's a good deal in today's market.