cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
I have been thinking of setting up a CD ladder, but don't really know how to do it. I was just going to look up various banks and start calling.
I've read about brokered CDs at places like Schwab and Fidelity. Is there a fee on these brokered CDs? Is that how everyone does it?
Also, how do you plan it out? For instance, if I need 3K per month to live on, surely I don't buy tons of 1 month CDs. Is there a system out there that has been tested by some of yall that works?
My plan is to put all my cash in CDs so I can live on that over the next 6-7 years while I wait on my equities to recover, then start spending that. I hope 6-7 years is enough time...........
Thanks! Thoughts? Thanks!
I've read about brokered CDs at places like Schwab and Fidelity. Is there a fee on these brokered CDs? Is that how everyone does it?
Also, how do you plan it out? For instance, if I need 3K per month to live on, surely I don't buy tons of 1 month CDs. Is there a system out there that has been tested by some of yall that works?
My plan is to put all my cash in CDs so I can live on that over the next 6-7 years while I wait on my equities to recover, then start spending that. I hope 6-7 years is enough time...........
Thanks! Thoughts? Thanks!