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Originally Posted by retire@40
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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I think the point was that you cant really get a cd longer than 6-7 years. You can but I dont think you'd want to. Theres no assurance you'll get the same rates in 7 years that you'd get today.
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