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jims69camaro · 05-29-2009, 05:57 AM

rainy days are coming. take 2000 and put it in a 90 day rollover CD. take the other 2000 and put it in a Roth IRA and do that again next year and the year after that. with Roth IRAs, the interest income is not taxable. it's the only way to fly.

all young guys should have at least one IRA account and one CD/Savings account. the IRA is secure and insured. the savings provide liquidity when necessary. if you do need to take money out of the savings account, though, treat it as a loan to yourself. make regular, timed payments until the balance is = > what it was.

05-29-2009, 05:57 AM	#25
jims69camaro Avatar Abuser Join Date: Aug 2004 Location: 08721-1716 Posts: 5,056 iTrader: (0)	rainy days are coming. take 2000 and put it in a 90 day rollover CD. take the other 2000 and put it in a Roth IRA and do that again next year and the year after that. with Roth IRAs, the interest income is not taxable. it's the only way to fly. all young guys should have at least one IRA account and one CD/Savings account. the IRA is secure and insured. the savings provide liquidity when necessary. if you do need to take money out of the savings account, though, treat it as a loan to yourself. make regular, timed payments until the balance is = > what it was. __________________ JSFBOA Save a life. N = R* fp ne fl fi fc L Last edited by jims69camaro; 05-29-2009 at 05:58 AM.