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JOHNNIE36 · 07-02-2009, 07:20 PM

km4hr, I feel the same as you about sending money all over creation to purchase CD's. That's why I like to stay local. Remember, if the CD would be in her name only, it is insured by the FDIC up to $250k. The insurance is "per depositor-per institution". So to be safe, the $1m would have to be in four separate CD's at four different institutions. You may look into brokerage CD's at Vanguard, Fidelity, etc. I am now at the time in my life where if I lost a lot in whatever investment, I probably couldn't replace it. I'm 100% in CD's and I really sleep good at night. My money doesn't have to grow by leaps and bounds, it just has to stay safe. Good luck. I'm sure you'll do right by her and she is lucky to have someone like you watching out for her.

07-02-2009, 07:20 PM	#18
JOHNNIE36 Recycles dryer sheets Join Date: Oct 2008 Location: Riverview Posts: 459	km4hr, I feel the same as you about sending money all over creation to purchase CD's. That's why I like to stay local. Remember, if the CD would be in her name only, it is insured by the FDIC up to $250k. The insurance is "per depositor-per institution". So to be safe, the $1m would have to be in four separate CD's at four different institutions. You may look into brokerage CD's at Vanguard, Fidelity, etc. I am now at the time in my life where if I lost a lot in whatever investment, I probably couldn't replace it. I'm 100% in CD's and I really sleep good at night. My money doesn't have to grow by leaps and bounds, it just has to stay safe. Good luck. I'm sure you'll do right by her and she is lucky to have someone like you watching out for her.