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Personal Finance and Investing

CountAllVotes

(21,203 posts)

6. My IRA is locked in for 7-years

Reply to hollysmom (Original post)

Tue Oct 22, 2013, 09:22 AM

Oct 2013

The rate is 2.76%.

Normally, I would never tie up my IRA at such a low rate for so long BUT, my credit union will allow me to (once I hit 59-1/2 which is not that far off) to buy a new CD without any penalty at all as long as I leave $1,000.00 in the original CD bought at 2.76%.

I have three CDs at this rate that I am now holding.

I've got five more years that I can hold them at this rate should I decide to do so which I may or may not do depending upon what life hands me within the next few years which is totally unpredictable given my very poor health.

Best of luck with your IRA investments.

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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

Latest Discussions»Culture Forums»Personal Finance and Investing»if you are over 59 1/2 an...»Reply #6