noharleyyet
Well-known member
...no worries nick, dot.gov is think-tanking how to redistribute that principal for ya anyways...
High interest savings accounts
- Thread starter Butcher
- Start date
antelopedundee
Well-known member
5% interest would get you $50K $4167 per month without touching your $1mil principal. At least $2000 per month net [include 7% FED WH] SSA would get you $6167 per month or $74K per year if you got to retirement age. No doubt that there are places that you could live comfortably on $50K if you had to. Unfortunately you won't be guaranteed 5% interest for life.
I wish I could tell high school me to put $20 a from each paycheck into an IRA or something similar instead of the latest pop-country cd that just came out. What a waste that was
Nick87
Well-known member
Yah part of life I guess.
Red-Team 98
Active member
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- Dec 18, 2022
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Vanguard Money Market 4.76 %
Last edited:
OntarioHunter
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Live life too. Sometimes you cash out without a plan. Ask my wife about that. Age 49 and she leaves her sister's house to visit their mother's grave. Fifteen minutes later a semi truck runs over their car and she's put in a box.
AvidIndoorsman
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Yeah but the sum of all that probably is equal to 1 months current 401k withholding.
Listen to the music, enjoy the small pleasures.
Red-Team 98
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They have several I use the Money market Treasury fund @ 4.70%
Attachments
Fine I’ll just wish I’d had better taste in music back then
Short term T Bills 4 week up to 1 year earning 4.65% https://www.treasurydirect.gov.
Its easy to set up via your checking or saving account.
Its easy to set up via your checking or saving account.
SAJ-99
Well-known member
Market has revealed the next problem. 1 month Tbill at 4.1% and 3mo at 5.1%. Hmmm. Wonder what that could be. Maybe a debt ceiling? The irony of a minor "banking crisis" forcing people to turn to uninsured money markets, which purchase these bills, causing markets to price in a 1% premium for bills longer than 90 day for possible default. This summer is going to be soooo much fun.
