Personal Finance and Investing

A HERETIC I AM

(24,686 posts)

5. I have no desire to re-write what you said.

Mon Oct 21, 2013, 11:32 PM

Oct 2013

The ERISA regulation does not seem to apply, because it has to do with defined benefit plans, while IRA's, SEP's 401(k)'s and Keogh's are defined contribution plans.

Nothing you have written is, as far as I can tell, remotely illegal.

I do not find it unusual at all that your bank manager suggested a 6 year note that can be surrendered once annually for a higher yield note.

Seems she or he wants to keep their customers happy. No problems.

I think it is worth trying to get people to maximize their interest rates and wanted to share this experience here,

That is absolutely correct and this is the perfect place for it. I am sure the audience appreciates your contribution. The only reason I responded was because I was confused by your use of terms.

Again, all the best.

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if you are over 59 1/2 and have a bank retirement CD - FYI [View all] hollysmom Oct 2013 OP

I'm not sure I completely understand this. A HERETIC I AM Oct 2013 #1

you can always make changes with a peanalty hollysmom Oct 2013 #2

How about we make sure we are speaking clearly, OK? A HERETIC I AM Oct 2013 #3

I am fine if you want to rewrite what I said and post it. hollysmom Oct 2013 #4

I have no desire to re-write what you said. A HERETIC I AM Oct 2013 #5

You should get that in writing CountAllVotes Oct 2013 #7

My IRA is locked in for 7-years CountAllVotes Oct 2013 #6

better than me last few months hollysmom Oct 2013 #8

Well, that is better than many I've seen lately CountAllVotes Oct 2013 #9