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FunGoals · 01-10-2005, 08:18 AM

I have been following fisn.com

In the CD section they usually have a Fixed Rate Callable CD paying about 6% for 20 years. The CD is paying $100.000 at maturity. This week the rate is 6.19%. The cost is $30,042 for $100,000 at maturity. The CD's are FDIC insured.

I am thinking about rolling over my 401k into a IRA & using a portion to form a ladder. The maturities would be about 10, 15 & 20 years. The goal would be $100.000 each at maturity.

In the Bond section they have GMAC SmartNotes. A five year note is paying 5.75. A 20 year callable note is paying 7.25. A 12 year callable Step-Up Bonus Rate Note is paying an average of 6.712% if held to maturity.

I have not dealt with FISN & do not know how reliable they are.

01-10-2005, 08:18 AM	#4
FunGoals Recycles dryer sheets Join Date: Dec 2004 Posts: 54	I have been following fisn.com In the CD section they usually have a Fixed Rate Callable CD paying about 6% for 20 years. The CD is paying $100.000 at maturity. This week the rate is 6.19%. The cost is $30,042 for $100,000 at maturity. The CD's are FDIC insured. I am thinking about rolling over my 401k into a IRA & using a portion to form a ladder. The maturities would be about 10, 15 & 20 years. The goal would be $100.000 each at maturity. In the Bond section they have GMAC SmartNotes. A five year note is paying 5.75. A 20 year callable note is paying 7.25. A 12 year callable Step-Up Bonus Rate Note is paying an average of 6.712% if held to maturity. I have not dealt with FISN & do not know how reliable they are.