I just learned something very interesting.
I was thinking of getting either a 4 or 5 year IRA CD at PFCU and possible withdraw with a penalty within 2 to 3 years. They just informed me that you can withdraw any or all your IRA funds after 59 1/2 without an early withdrawal penalty. I will be able to earn 5.50% on the 7 year CD for under 3 years.
Anybody have any 100% guaranteed investments that will earn 5.50% for 3 years? I am assuming that the same rule would apply if you are already over 59 1/2 and are applying for these CDs today.
MJ
I was thinking of getting either a 4 or 5 year IRA CD at PFCU and possible withdraw with a penalty within 2 to 3 years. They just informed me that you can withdraw any or all your IRA funds after 59 1/2 without an early withdrawal penalty. I will be able to earn 5.50% on the 7 year CD for under 3 years.
Anybody have any 100% guaranteed investments that will earn 5.50% for 3 years? I am assuming that the same rule would apply if you are already over 59 1/2 and are applying for these CDs today.
MJ