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Re: please help me help my folks
Old 06-02-2005, 02:56 PM   #14
Thinks s/he gets paid by the post
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Join Date: Feb 2004
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Quote:
Originally Posted by gravesend
4% CDs?* Wouldn't those terms be really lengthy?
They would like to have more flexibility than that.
I thought you said you didn't want to touch principal and you wanted to live on $25K a year?* If so, who cares that they are tied up for 5 years?* Have the interest direct deposited to a checking account and you're all set.* In case of an emergency, you could always take money out of a CD and forfeit a few months worth of interest.
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